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Land

Environmental Basics

Most commercial properties have at least some environmental risks. Beyond that statement it is a property by property situation. The most common problems come from past or present industrial uses or other hazardous uses like gas stations or dry cleaning plants. When you are buying it is advisable to at least consider a Phase 1 environmental report –…

Basics of Commercial Property Finance

As a licensed mortgage broker in Ontario I sometimes get involved in the financing of commercial properties. I usually do this as a convenience to my Martel clients rather than focus on financing as a main business line. Point 1 : Talk to your bank first. Most clients have an existing banking relationship with a…