What Deposit Is Required for a Commercial Mortgage?
The deposit required for a Commercial Mortgage varies depending on factors such as the lender's policies, the borrower's financial strength, and the specific property type. Typically, lenders expect a deposit of 20-30% of the property's purchase price. However, this may vary based on the borrower's creditworthiness, the property's cash flow potential, and other risk factors. Our Commercial Mortgage Brokers in Toronto can provide clarity on the deposit requirements for specific commercial lending institutions and help borrowers plan their financing accordingly.