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Should You Buy or Lease Commercial Property?

Posted onMarch 24/2022By

At Northwood Mortgage, we understand how small business owners just like you are faced with dozens of questions every day that can make or break their entrepreneurial dreams. Among the most important decisions you must make is choosing whether to buy or lease commercial property. This article will help you make that decision by highlighting the various advantages associated with each option. What are the Benefits of Buying? Small business owners understand better than anyone else the importance of controlling where and how they work. When considering whether to buy or lease a commercial property, it pays to keep these…

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Everything You Need to Start Your Own Warehousing Business

Posted onMarch 17/2022By

Always in demand and offering great returns on investment, warehousing businesses are attractive to those looking to enter the commercial real estate market. At Northwood Mortgage, we want to help you achieve your small business dreams. This article will break down everything you need to know before starting your own warehousing business, beginning with the most important. You Will Need A Small Business Budget Warehouses might not be as expensive to maintain as other industrial structures like restaurants or gas stations, but that doesn’t mean you should skip important financial preparations. On the contrary, you must ensure your budget is…

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Getting a Commercial Mortgage: What Are Your Options?

Posted onOctober 14/2020By

Owning a commercial space is a great investment opportunity. You can count it among your business assets and even rent some of the space to bring in some extra revenue. However, a commercial mortgage can be quite different from a residential mortgage. The process of applying and securing a commercial mortgage often includes assessing the investment, selecting a location and property, finding the right mortgage professionals to help with the purchase, and applying for the mortgage. There are also several options when seeking a commercial mortgage, including a real estate mortgage, working capital loan, or a line of credit, among…

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Reasons for Denying Commercial Mortgages and Startup Business Loans

Posted onSeptember 26/2019By

If you are thinking of obtaining a commercial mortgage in Ontario or a business loan to open the business of your dreams, then you may be faced with a few obstacles. Trying to secure a mortgage or loan of any kind can prove to be challenging if you do not know where to go or where to start. There are also many reasons why you or your business partners may be denied for a commercial mortgage in Ontario or a startup business loan, which we will discuss in this article. Why Lenders Reject Commercial Mortgage Applications If the loan underwriter or the bank’s loan officer is not satisfied with your business proposal, then they may deny your application. For your business plan to be accepted, they need to feel that the plan firmly supports the requested loan amount, meaning they need to be confident in your business plan. Also, if…

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Business at a Value: Low-Interest Commercial Mortgage Loans

Posted onFebruary 04/2019By

Finding the perfect space for your business requires a keen sense of location. Where your business is located could easily make or break its name in the market, which is why prime real estate such as storefronts along busy streets or large expanses of land quickly skyrocket in value. For budding entrepreneurs, this can mean entering the race to finding the best terms for a commercial mortgage. The goal is to maintain low and steady interest rates on your commercial mortgage. This way, your business maintains a healthy cash flow. Find out how you can do that here: How to Lower Commercial Mortgage Interest Rates: Finding the Best Financing Option Commercial mortgage terms are contingent on the financing options that you select. Putting down a strategic amount of capital towards acquiring or leasing a commercial property will reduce the number of mortgage payments you will have to make, as well…

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