Commercial land such as parking and storage yards can be used as security for a private mortgage. Here is what to know.
Income-producing commercial land
Parking lots and storage or container yards are operational commercial land that often generate income. We lend against them when they are built out and running.
The zoning requirement
As with all our lending, the property must be fully zoned for its current use, with no outstanding work or permits pending.
Why owners use private lending
Private lending offers fast, flexible funding for commercial land owners who need to access capital quickly.
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If this fits your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.