Winnipeg Commercial Mortgages

Winnipeg and Manitoba Mortgages Made Easy

Commercial Mortgages and Financing in Winnipeg and across Manitoba

Expert Solutions for Commercial Mortgages Tailored to Your Needs!

We are your trusted Winnipeg and Manitoba Mortgage Brokers

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Why Choose Us For Your Commercial Mortgage Needs?

We are one of the most respected brokerages in the Winnipeg area when it comes to commercial real estate mortgage solutions. Our goal is to provide the people of Manitoba with some of the best mortgage solutions anywhere in the province.

  1. 1

    Wide Range of Options

    As Winnipeg Mortgage brokers, we offer access to numerous lenders, including those not available to the public, ensuring you find a mortgage product that perfectly fits your financial needs.

  2. 2

    Expert Guidance

    With our mortgage expertise, we provide personalized advice to navigate complex mortgage terms and conditions, helping you make well-informed decisions.

  3. 3

    Cost and Time Efficiency

    We are able compare various mortgage deals to secure competitive rates and terms, potentially saving you money and simplifying the application process to save you time.

  4. 3

    Ongoing Support

    From start to finish, mortgage brokers such as ourselves, offer continuous assistance, handling paperwork, resolving issues, and ensuring a smooth mortgage application process.

More About The Spooner Group

The Spooner Group originated in 2016 when Tracy founded the brokerage. We offer over 32 years of experience in mortgage financing, real estate and law. Our award-winning team is looking forward to assisting you with all your mortgage needs.

We offer competitive mortgage rates with many features for you to choose from. Our unbiased advice will continue long after your mortgage has funded. We look forward to building a relationship with you for years to come.

The Spooner Group

What Our Winnipeg Mortgage Clients Have To Say

'Taylor was amazing! She helped us buy our first home with no stress, she was very responsive and helped us with any issues / questions we had. Will definitely recommend the spooner group to anyone i know in need of a mortgage group !'
Jenna Maclean
'The Spooner Group is amazing! Super helpful and will promptly answer all questions. Really loved my experience working with this team.'
Courtney Sabo
'Tracy is absolutely FANTASTIC. She goes above and beyond to help her clients. She's extremely professional and friendly to talk to, and is very knowledgeable about what she does. I would definitely recommend!!'
Katrina Maleski
'Couldn’t ask for better service! They went out of his way to ensure we got approved quickly on our mortgage so we could put in an offer. Being first time home buyers he was able answer any questions that we had and was very communicative throughout the whole process. Thank you Dave!'
Lane Sokolowski

Winnipeg & Manitoba Commercial Mortgages Frequently Asked Questions

We get lots of questions from Winnipeg business owners when it comes to getting a mortgage and financing for their commercial office space. Below are just a few of the most common items and as always, we are glad to answer any questions you might have.

What is a commercial mortgage, and how does it differ from a residential mortgage?

A commercial mortgage is a loan secured by commercial property, such as office buildings, shopping centers, industrial warehouses, or apartment complexes. The key difference between a commercial and a residential mortgage is the collateral—the property securing the loan—and the borrower, which is often a business entity for commercial mortgages, while individuals usually take out residential mortgages.

What are the typical terms and conditions of a commercial mortgage?

Commercial mortgage terms can vary widely depending on the lender, the property, and the borrower's financial situation. Generally, terms range from 5 to 20 years with amortization periods up to 25 years. Interest rates can be either fixed or variable and are usually higher than residential mortgage rates due to the increased risk associated with commercial properties.

What criteria do lenders consider when approving a commercial mortgage?

Lenders evaluate several factors, including the property's value and condition, the borrower's creditworthiness, business financials, and the viability of the business plan. They also consider the loan-to-value (LTV) ratio, debt service coverage ratio (DSCR), and the borrower's experience in managing commercial properties.

Can I get a commercial mortgage with a low down payment?

It's more challenging to find low down payment options for commercial mortgages compared to residential mortgages. Typically, commercial mortgages require a minimum down payment of 20-35%, depending on the lender's policies and the risk associated with the property and the borrower.

What are the typical fees and costs associated with obtaining a commercial mortgage?

Apart from the down payment and interest, commercial mortgages may involve various fees, including application fees, appraisal fees, loan origination fees, and legal fees. These costs can vary significantly based on the complexity of the deal and the property itself.

How can I improve my chances of getting approved for a commercial mortgage?

To improve your approval chances, ensure your business financials are strong and well-documented, maintain a good credit score, present a solid business plan, and choose a property that generates stable income. Working with a mortgage broker such as ourselves who specialize in commercial properties in Winnipeg and across Manitoba, is a great start.

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