A Commercial Mortgage is a mortgage loan secured by a commercial property, such as an office building, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
- You have the land? We’ll handle the rest with up to 100% Construction Financing
- Qualified borrowers get up to 35 years to pay
- Flexible Terms and low monthly installments
- No commitment or processing fees
- Get your mortgage approved in just 48 hours
- Access Extra Protections and benefit from home insurance premium discounts and reduced attorney fees.
- Competitive Interest Rates
- Home Insurance Premium Discount
- Switch Your Mortgage Incentives
- Advice on how to get your Mortgage Interest Refund from the Government
Up to $10M
3.5%: Market Leader for Low Income Mortgages
Up to $20M
3.7%: Unbeatable for Starter Homes
Up to $30M
4.95%: Best rates in the Market
Up to $50M
5.0%: The Best Value for your family
Over $50M
Competitive: Let’s work out the right rate for you.
Documents Requirements
Valid National Identification Card or Passport or Driver’s License
Proof of address – Recent utility bill (3 months) or postmarked letter or valid Driver’s License
Employment letter stating current position, date of employment and salary and other cash benefits
If self employed, statement of income or expenses or affidavit of income
TIN Certificate
Copy of transport/title/lease document or letter of intent/agreement of sale & purchase if property is being purchased.
One passport-size photograph per applicant
Copies of receipts for leases, rates and taxes etc
Certificate of Valuation for property or projected valuation
Estimate of construction or renovation cost
An approved Building plan from the relevant statutory body
Receipts for materials/items purchased (for construction commenced)
Statement from other financial institutions, including Hire Purchase Agreements (if applicable) of loan accounts showing balances and monthly installments payable. Satisfactory credit report
Character references (two minimum)
Sources Of References – Citizens Bank (citizensbankgy.com)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/
