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
- 3.17% – 5 years
- 3.70% – 10 years
- 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!