Looking for a good mortgage broker for multiplexes.

[DanieLL]

Hi everyone and thanks for good posts,

I`m looking for a mortgage broker with extensive experience in multiplex financing and good access to friendly banks dealing with commercial financing.





I`m located in Kitchener ` Waterloo.


Your referrals would be strongly appreciated.

Thanks


DanieLL

 

[Thomas Beyer]

Go to PeoplesTrust or First National directly .. as they are the top 2 multi-family lenders .. or to Montrose mortgage .. all 3 firms have an office in GTA.

 

[GaryMcGowan]

What size of buildings are looking at?

 

[markl]

Hi DanieLL



I do a lot of work with Kevin Boughen [email protected] he has been great in getting me financing on all types of multi and mixed use properties.



As Thomas pointed out there are some companies that deal direct I have not done a deal with Peoplestrust or montrose. But I have have found first national difficult to deal with on the smaller multi's being less than 20 units.



Good Luck let us know how it goes.



Regards,

 

[Thomas Beyer]

[quote user=markl]But I have have found first national difficult to deal with on the smaller multi's being less than 20 units. fair enough .. although any initial mortgage financing on a multi will be scrutinized a lot more than the 18th .. far more paperwork than a conventional mortgage for a townhouse !

 

[Tibo]

be carful with first national they require rent roll and tenant name and square footage of apt and disclose my net and gross every year. it's a pain in the quister. For a 6 plex with a mortgage of 158K???

 

[DanieLL]

Thanks for your great replies.

I have an offer accepted on an 11-plex, I haven't heard to PeoplesTrust.

I have a meeting with FNF this Monday.

 

[housingrental]

Hi Daneill

I'd contact a mortgage broker

Mark has provided a quality reference above