Fee's & Costs
Unlike a residential transaction, the fees/costs associated with a commercial mortgage can be substantial.
These can include:
- – Lender fee
- – Broker fee
- – Appraisal report
- – Environmental reports. Phase 1 and/or 2
- – Building Condition report
- – Insurance premium if CMHC or self-insured
- – Legal fees
- – Miscellaneous fees, i.e. survey, etc.