Ready to finance the dream.
Where business owners come for growth.
Commercial Properties
Buy the building, add to your investments or finance a condo corporation.
Please note: All commercial mortgages are subject to different qualification requirements than what you may have experienced with home ownership.
Every mortgage application will be assessed on a case by case basis, but here is a list of typical requirements for a successful application:
- personal credit history
- 3 years of business financials
- 20 to 25% cash down payment
Be sure to ask us about $0 down payment options.
Purchasing Office Space
Understanding when to buy versus lease office space is a critical decision when growing your business. Congratulations for reaching this crucial fork in the road!
If you’ve decided to purchase a space, consider the opportunities this affords you. Let’s look at three potential purchasing scenarios; buying a commercial building, buying a commercial condo or buying a house zoned for commercial use:
Own the building.
Buying the building expands into opportunities for leasing out unused areas of said building. This option isn’t for everyone, but consider developing the structure into a hub of like-minded businesses with similar clients and effectively amplify your marketing efforts.
Can’t find folks to sign a lease? Consider pop-up shops, short-term rentals or small business pay-for-use facilities. Be creative. The space doesn’t need to sit empty and unused when you think beyond the expected.
Purchase a commercial condo.
When you buy a part of a building, aka commercial condominium, you obviously reduce your financial responsibility. Depending on the footprint or floorplans of the condo, you may still have the potential for subdivision or space sharing with a complementary business. When you have a condo, you must comply with the bylaws of the condominium corporation so if you intend to split the space, make sure to read the fine print and check for any development restrictions.
Purchase a house zoned for commercial use.
Working out of a house zoned for business use can add to the execution of your brand. Many personal service businesses, like a spa or nail salon, will choose to set up their corporate structure within a “home” environment to reinforce a feeling of exclusivity. Of course, this option is open to any business category so stay open as you decide where to plant your business. Just to be clear, this option is not the same as the work-from-home option. It has nothing to do with your primary dwelling.
Becoming An Investor
When you transition into the world of property investment, you are adding to your property portfolio in excess of your primary residence. Whether a residential or commercial property, there are as many opportunities available to you as you are comfortable with.
When you purchase a residential property with the intention of renting it out versus making it your personal residence, it may require a commercial mortgage. There are three categories:
- pure residential comprised of 1 to 4 units
- pure residential with 5 or more units
- residential / commercial mixed use units
If you feel more drawn to the business world and see potential in that realm, your career in investment can focus on commercial properties. Becoming an investor is an experience that is unique to the individual. Atelier Lending Inc. wants to help you write your investment story so you get your happily ever after.
Financing A Condo Corporation
Condominium Corporations may require financing to deal with unexpected building improvements or developments in common areas. The condo board will seek out this option rather than imposing a special assessment on the individual condo owners.
This will allow for smaller incremental payments for the condo owners to pay rather than a lump sum payment that is not always readily at hand.
Condo corporations are subject to the same assessment criteria and regulations as an individual commercial investor with the exception of including the corporate bylaws.
If your condo association is in need of financing, Atelier Lending Inc. will guide you through the process to make securing the funds as seamless as possible.
Commercial Development
When taking possession means making it your own.
When you want to be taken seriously, you need the right equipment to hit the ground running. The need for Commercial Development can also show up after many years of business, long after foundations have been established.
Atelier Lending Inc.’s advisors can help you determine the type of funding you require to achieve your greatest business goals.
Give your leasehold a facelift.
Are you ready to make your mark? Leasehold improvements are any changes made to a rental property to customize it and satisfy the specific needs of a particular tenant. Most leasing opportunities allow the business owner to make the space their own.
When you are negotiating your lease, take the opportunity to arrange for a leasehold improvement allowance. Landlords or property owners will often offer to help with the customization of the space in order to close the deal and have their space occupied. Don’t expect their contribution to cover all of your improvement needs but when you know in advance, you’re better prepared to secure your own funding..
Atelier Lending Inc. understands the importance of determining your business presence as a separate and unique entity from the competition.Talk to us about securing leasehold improvement financing. We want to help you make your space a true reflection of your business.
Get funds for the fundamentals.
Even the simplest business will require fundamental equipment in order to operate at its highest capacity. Leasing equipment often falls into the categories of heavy machinery, manufacturing equipment, or even a fleet of company vehicles.
In order to manage debt load, a typical business owner tends to use equipment financing to obtain the most costly equipment used in critical day-to-day operations.
However, don’t forget the essentials, like office furniture, office machines, communication systems and networks. Equipment leasing is available for any tangible asset other than the real estate the business occupies.
When equipment leasing doesn’t feel quite right, Atelier Lending Inc. has alternate financing options including a Business Line of Credit or a Operating Loan.
Atelier Lending Inc. is committed to helping executives and business owners secure the best possible financing terms. Whether you’re in the business planning stage or looking to expand operations, let us know how we can help you reach your goals.
Commercial Operations
Success takes root in the day-to-day of it all.
Prepare for the expected and the unexpected. There is more than one way to safe-guard your cash flow. Atelier Lending Inc. is here to help.
Ask our advisors about all the options available to you.
When every day is different from the last.
A Business Line of Credit is a great option when looking for ways to manage the expense of day-to-day operations.
A Business Line of Credit functions like a revolving loan that allows access to a fixed amount of capital, as needed. Business owners often gravitate towards this type of financing because the borrower only pays interest on the credit used as you use it.
A well-managed Business Line of Credit will play a part in fortifying your business credit rating. If you need to arrange for more significant financing down the road, showing responsible management of this Credit Account will bolster your reputation so you become an attractive recipient of available lender funds.
When unexpected expenses come up you can access your business line of credit. When clients are a little late with their payments, your Business Line of Credit is there to help you bridge the gap.
Whether it’s a rainy day fund or a cash flow insurance policy, this is a smart solution to keep your business on track during the “business as usual” days, yet provides flexibility when an unexpected growth spurt arises.
Let Atelier Lending Inc. help you secure the funds you need to manage today and navigate into the future.
Prepare to operate with confidence.
So the saying goes, “You have to spend money to make money.” This may be exactly the right reason to consider securing an Operating Loan.
Whether just starting out or experiencing a surge of growth, sometimes you need the manpower to fulfill a client service before you have the actual money to pay the necessary staff. An Operating Loan may be just what you need.
Day-to-day operations require a thorough reality-based assessment when projecting future business expenses. Always consider the fluctuating combination of fixed and variable expenses that can occur over a given period of time. An Operating Loan can be used to get you up and running, or just as importantly, be put to use when accounts payable and accounts receivable are out of alignment.
The perfect time to set up an Operating Loan is when you don’t have the need. Your steady operations will prove you worthy of the funding. If your circumstances are similar to our opening example, your signed client contract will inevitably help you secure what you need.
When requesting funding, be sure to share all the details of your specific situation. At Atelier Lending Inc., we’ll help you gather all the right information to paint the most accurate picture for the prospective lenders.
An Investment Property Strategy
Preparing for real life Monopoly.
Did you know that one of the easiest ways to become an income property investor is to create a legal basement suite in the basement of your home? Provided there is separate entrance capability, developing your basement for tenants can be a fairly straightforward process.
When you’re ready to take on more tenants, you can find a new family home for yourself and rent out the space previously inhabited by your family. And just like that, you’ve already doubled your income properties.
Basement Tenant Pros
- provided you keep it occupied, you have continual help with your existing mortgage payment
- it is a manageable introduction to landlord responsibilities and requirements
- often the newly developed space increases property value on a whole
Basement Tenant Cons
- you are effectively cutting your potential living space in half
- shared environments can mean shared cooking smells and sounds, depending on the quality of the redevelopment
- wrong tenant choices can lead to property damage or default on payments
