An office building is a property where tenants rent out space to conduct business. Examples include single-tenant properties, small professional buildings or large skyscrapers. Types of tenants will require different types of office space from traditional office space, creative office space, co-working space, executive suites, and flex space. These properties can include amenities designed to make tenants’ lives more convenient, including food court, fitness centres or child-care centres, and shared reception and business services. Given the ever changing nature of the office working environment you will have different financing products available. Some of these products available are:

Standard Term Financing

Lending solutions up to 75% loan to value for the acquisition of a new property or re-financing of an existing one. This type of lending relies heavily on the location, tenant mix, length of leases and borrowers experience. Typically, this type of financing is for sophisticated borrowers looking for a longer term loan that provides stable and predictable cash flow.

Standard Construction Financing

Lending solutions up to 85% of cost for the construction of a new office property. Typically, this type of financing is for Borrowers that have achieved significant lease-up and present a clear exit strategy at the end of construction by way Standard Term Financing.

Bridge Financing

Bridge financing is typically used for short term solutions which will allow a borrower to access equity to purchase another property or to repair or renovate an existing property without having to access capital from personal sources.

Second Mortgages

Second mortgages are often used when the existing term mortgage has a longer period until expiry and the borrower wishes to access equity in their property. These funds are often used to either purchase another property or to renovate or improve their existing property.