Special Purpose Mortgages
While many properties can be easily categorized into standard mortgage products, special purpose properties are unique. These properties can derive revenue from mixed sources. Income may be seasonal rather than regular. They can also face heightened competition.
All of this can combine to make special-purpose mortgages particularly hard to obtain through traditional lenders. That’s where MORTGAGE CAPITAL INVESTMENT (MCI) can help. With an expert mortgage broker, you can get access to unconventional lending products that aren’t advertised by lenders. We can work to secure competitive rates and terms, despite the risk in special purpose real estate. A high loan to value ratio and a flexible amortization period can make your next investment a reality.
Contact us to find options on special-purpose mortgages for:
- Stage and movie theatres.
- Water parks.
- Amusement parks.
- Entertainment venues.
- Other hard to categorize commercial properties.
An Ontario mortgage broker is the surest way to find a special purpose mortgage at a competitive rate.