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Commercial MortgagesSince 2000 when Rick Pierce activated his associate mortgage broker's
status, SW has enjoyed good success with commercial mortgage
placements. Rick holds his license through Discount Mortgage
Canada Inc., one of Canada's leading mortgage brokerage firms.
SW has developed very good relationships within the institutional and private mortgage industries allowing us to place virtually any kind of commercial mortgage situation with the appropriate lender, saving the borrower considerable time and expense in the process. We maintain an active list of private funding sources for non-institutional risks, in addition to the wide variety of commercial mortgage lenders in the marketplace. We are widely known for our willingness to apply innovative solutions to mortgage requests as well as responsive service to all requests. Who is this service for?Virtually all small and medium-sized businesses will require a
mortgage at some point in their existence, and this service is
just for you. Whether you need $75,000 or $7.5 million, SWConsulting
will get you on your way to success!
How does it work?Loans are fully secured by the equipment being purchased. Typically banks loan 60-80% of the value of the equipment and is repaid over the life of the equipment.
Lenders make long term loans secured by commercial and industrial real estate. The loan is usually made up to 75% of the value of the real estate to be financed. Repayment terms range from 10 to 20 years. Lenders also make second mortgages on real estate. The amount of the second mortgage is based on the appraised market value and the amount of the first mortgage.
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