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Out with the Old, in with the New!

Spring is near which means it’s time for spring cleaning! It’s time to get rid of the old mortgage and replace it with a better mortgage! Chances are your new mortgage will have better rates and terms which will save you money in the long run. Our aim here at Mortgage Alliance Commercial Canada (MACC) is to secure the best possible financing terms and conditions for your property.

In the past year we’ve been able to help clients with over $11 billion dollars in loans across Canada. Here are a few example of our most recent transactions for this year:

  • CMHC Apartment Complex – $5.9 Million at 1.86% 5 year term at 30 year amortization
  • Condominium Inventory – $4.5 Million at 5.5% interest only 24 months open loan
  • Condominium Construction – $9 Million at Prime plus 1% at 3.85% 24 months interest only
  • Hotel Refinancing-Repositioning – $12.4 Million at 5.46% 5 year term (open) 20 year amort.
  • Retail Repositioning – $12 Million at 4.75% interest only 24 months open loan

As rates change on a daily basis, as of today, here is an indication of the rates that are available for other types of Asset Classes:

  • Plaza Financing:
    • 3.12% – 5 years
    • 3.64% – 10 years
  • Office:
    • 3.17% – 5 years
    • 3.70% – 10 years
  • Industrial
    • 3.25% – 5 years
    • 4.05% – 10 years

Don’t hesitate to contact us! We will be happy to meet with you and discuss the options available for your specific needs.

Your MACC Team!

Oldest rookie joins MACC!

Mortgage Alliance Commercial is pleased to announce that Keith Watters has joined the team!

 

Keith Daniel Watters is an Entrepreneur, Financier, Mortgage Agent, Investor, Lecturer and Author.

Keith has been helping people finance their dreams since 1974. He also taught from 1978 to 1995, Understanding Mortgages and Real estate, How to buy Real estate with nothing Down and How to be a successful Mortgage agent.

He has financed several Billion Dollars in Mortgage Transactions with Companies he has worked with for 40 years.

He has seen it all!