CURRENT MORTGAGE RATES Last updated:  March 10, 2010 Term Bank Rate Our Rate 6 month 4.60% 4.60% 1 year 3.60% 2.49% 2 years 3.75% 2.90% 3 years 4.15% 3.40% 4 years 5.04% 3.69% 5 years 5.38% 3.69% 7 years 6.60% 4.95% 10 years 6.70% 5.20% 1 year open 6.70% 5.20% Prime: 2.25% * rates subject to change without notice    .

What is Commercial Lending?
Any property that is zoned commercial would need a commercial lender to finance the purchase or refinance the equity to inject into your company or for expansion.

Canquest Mortgage can assist in arranging financing for your business needs in Industrial, Commercial and Investment mortgages.  We will meet with you to discuss what documentation is required for your commercial deal to be referred and recommended through conventional or institutional lenders.

Funds Arranged for all types of Commercial Properties including:

• Income Properties
• Refinancing Apartment Buildings
• Refinancing of Industrial and Retail Plazas
• Refinancing Office Buildings and Stores
• Refinancing of Warehouses
• Retirement Homes
• Nursing Homes and Stores
• And more!

What do you Need to Provide Canquest before we can Obtain a Lender?
The company has to prove the strength of the business and the individuals who own the business. We will require you to fill out a financial statement on each owner of the company and a list of all the property that you presently own. We would like to review all the documentation related to your company and the property ie. Value, taxes, environmental report, etc.

If you are purchasing a company – you would need to provide previous financial statements and your business plan Your own personal networth statement. If you are putting money down on the purchase they need to know where the money is coming from ie equity in principal residence.