Sunlite Mortgage offers standard financing programs that are well-suited for borrowers acquiring new mixed-use properties or refinancing existing ones. These programs are designed for borrowers who may not qualify for insured programs or prefer different loan terms.
Conventional financing is an excellent choice for borrowers whose mixed-use properties have a commercial component (such as retail or office) that exceeds 25 percent of the total gross floor space and generates more than 25 percent of the revenue. In such cases, where CMHC insurance requirements may not be met, conventional financing provides a flexible and viable solution.
Loan terms for conventional financing typically range from three to five years, although longer terms are available based on specific circumstances and requirements.
Properties with stable cash flow and consistent operating histories are viewed favorably by lenders when considering standard financing options.
At Sunlite Mortgage, we are committed to providing comprehensive support and expertise to borrowers seeking both CMHC term and construction loans. Our empowered advisors are here to assess your options and help you determine the best course of action for securing a mortgage that aligns with your specific needs, whether it’s insured or conventional financing.
Contact us today to speak with one of our advisors who will guide you through the process and assist you in finding the right financing solution for your mixed-use property.
