Durham Region commercial mortgage review
Commercial Mortgage Durham Region
A property-and-cash-flow review for owner-user, industrial, retail, mixed-use, rental, refinance, and bridge financing files across Durham Region.
Local situations
Durham commercial situations
Pickering, Ajax, Whitby, Oshawa, and Clarington can all support different lender appetites.
Pickering, Seaton, or Ajax owner-user
Review business financials, property use, down payment or equity, and whether the business can support the building.
Whitby or Port Whitby industrial
Package leases, vacancy, zoning, environmental review, and whether the file belongs with bank, credit union, or private commercial.
Oshawa mixed-use or rental property
Review rent roll, expenses, student or local tenant risk, building condition, and commercial versus residential treatment.
Courtice, Bowmanville, or Clarington bridge
Map timing, lease-up, sale, refinance, construction takeout, or GO-corridor assumptions without overpromising value growth.
Review path
Commercial review path
The first job is to send the file to the right lender desk with the right evidence.
1. Property and use
Identify owner-user, investor, mixed-use, industrial, office, retail, multifamily, or bridge financing fit.
2. Income and borrower strength
Review NOI, leases, operating statements, business financials, net worth, credit, and debt-service coverage.
3. Conditions and exit
Plan for appraisal, environmental, building condition, legal, zoning, lease rollover, and takeout strategy.
Documents
Helpful documents
- Rent roll and leases
- Operating statements
- Business financials
- Mortgage statement or purchase agreement
- Appraisal, environmental, or bridge notes if available
Important limits
Commercial cautions
- Commercial proceeds can change after appraisal and underwriting.
- Environmental or lease issues can affect timing.
- Private commercial money should be matched to a clear exit.
Review the commercial file
Garrison Capital Corp., operating as Open Financial
Open Financial Lic. 13362.
Principal Broker: Marcel Greaux, Lic. M10002478.