“I’m very excited to acquire my first investment property. WealthONE did an amazing job providing the experience and insight to structure this commercial mortgage that met our needs. We will definitely work with the WealthONE team again on our next investment properties and our future mortgage needs!”R.M., Toronto, ON
Meet the customer
R.M., his family and a few close friends are a group of serious investors making an offer to purchase an older 9-unit solidly built apartment building located in Southern Ontario.
R.M.’s borrowing challenge
Although this apartment building has been demonstrating great cash flow, the requested mortgage amount is less than $1 million, which is below the minimum requirement for most of the financial institutions in Canada, so R.M. assumed their dream investment property purchase could not get done. Furthermore, this was their first experience seeking a mortgage for an investment property. Although this apartment building has been demonstrating great cash flow, the requested mortgage amount is less than $1 million, which is below the minimum requirement for most of the financial institutions in Canada, so R.M. assumed their dream investment property purchase could not get done. Furthermore, this was their first experience seeking a mortgage for an investment property.
An innovative mortgage solution
R.M. learned from WealthONE’s website that commercial mortgages were available as low as $500,000 so he immediately clicked on the link to connect with one of our Mortgage Representatives who asked R.M. to share his story. A Senior Underwriter was assigned to R.M. right away and by using our common-sense lending approach, knowledge of the local market, and property type expertise, WealthONE successfully structured a $700,000 commercial mortgage for R.M. and his group allowing them to close the deal in a timely manner!
Buy a business property
If you’re looking to purchase a location for your business, whether it’s a small office building, a retail location, or a light industrial complex, find a mortgage solution customized to your specific business mortgage needs.If you’re looking to purchase a location for your business, whether it’s a small office building, a retail location, or a light industrial complex, find a mortgage solution customized to your specific business mortgage needs.
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