WealthBridge Corporation brokers a broad range of private commercial mortgage products for the acquisition and development of freehold commercial, retail and investment properties. Our promise is to search the entire lending market for the best possible deal on your behalf.

 Why Use a Wealthbridge Commercial Brokerage ?  

Commercial mortgages are a very specialized product area with the majority of lenders choosing to work only via qualified and accredited intermediaries and this becoming more important in the current financial climate or so called 'credit crunch'. We will professionally assess your borrowing requirements and accurately match your needs with our lenders. Our specialist knowledge and advice will save you significant time and generally save you many thousands of dollars over the term of the loan by matching the best mortgage product to your exact needs

We specialize in providing finance for existing business users, and those looking to start their own business. Audited business accounts or a previous trading history are not always necessary as lending decisions can be made against the value of the property and your ability to repay the loan from expected business income or property rental yield as appropriate. 

WealthBridge provides Small Commercial Financing from $50,000 to $5 Million. 

We are experts in financing small block rental properties from triplexs to 6 plexes.

 What You Will Need?

The lender will want firm assurances that you can meet the required mortgage repayments. For example, may require you to provide financial statements for the last two years or, if your business is a start up, a full business plan showing income projections for the business.

Other lenders may be less stringent in their need for detailed accounts and business plans, and may lend based on the value of the property. However, in general, these mortgage options will tend to be slightly more expensive.

As a minimum the lender will want to see the following:

• Details of the property and agreed purchase price or a current appraisal of the property or the business
• Full rental roll supported by leases
• Business bank statements and or financial statements
• The employment rsume and profile of each partner.
• Ownership details with asset and liability statements for each partner. Full guarantees are required. 

A Phase 1 or Phase Two environmental site assessment may be required depending on the nature of the business and building.

 Rates and Fees:

Interest rates on commercial, industrial and construction financing can vary and are most often based on the individual merits of the transaction. There are primarily 3 criteria that are evaluated:

1) Property type, use and location
2) Borrower’s covenant and ability to repay
3) The purpose of the loan 

Private equity rates can run in the 8%-10% range.

Fees are negotiated on a transaction by transaction basis but usually are not less than 5% of the loan amount.

Our expert advice is given freely and entirely without obligation so please let us know your requirements. If you would like us to assess the best option for your commercial mortgage call us today. We look forward to working with you in sourcing and delivering your commercial mortgage.