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Need to know about industrial mortgage

david00

REGISTERED
Joined
Oct 19, 2016
Messages
5
Location
Canada
Hello all,

I would like to know more about taking an industrial mortgage. I am planning to extend my business, and as part of it, I am planning to purchase a new building which will be used as a storage unit, for my raw materials. But, I will need to take up a mortgage for this. I have heard that Industrial mortgages provide funding specifically for the purpose of purchasing buildings like storage units. I would like to know more about this, like what paperwork do I need to acquire for availing an industrial mortgage? And what type of a mortgage broker do I need to contact for this?
 
On thin ice here david00..........you were advised in October this is not a financial forum.........one more you're out. Post relevant info, or move on.
 
The CBDC is a crown corporation that helps with this manner of thing in Canada: http://www.cbdc.ca. They can help you create your business plan and direct you to sources of funding. They provide some funding as well, but at an elevated rate compared with industry at the discretion of the local boards.
 
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