A commercial mortgage approval ultimately means showing that you have enough collateral to support repayment. Collateral is a borrower’s promise with property, to secure repayment of a loan. Your business, not yourself, assumes the mortgage and it can be a complex process. A business may seek out a commercial mortgage …
Calculating EBITDA
When Calculating EBITDA, you get the most comprehensive snapshot of a company’s financials. EBITDA is a valuable and comprehensive accounting technique used to determine whether a company is worth investing in. Unlike standard net income calculations that use a simple formula of revenue minus expenses, EBITDA factors in other expenses, …
Keys to Securing a Commercial Mortgage
The keys to securing a commercial mortgage are not foreign to a seasoned mortgage broker. A potential client once told me, “You cannot get a commercial mortgage outside of Toronto.. lenders in Toronto do not think that there is anything of value outside of their area!” In some ways, he …