A commercial retail or office mortgage offers financing to purchase storefront or workplace properties. These are properties where end-customers are typically serviced. For example, they can be: Storefront units with street or indoor entry points Restaurants and cafes Salons and spas Gyms, yoga studios and physiotherapy clinics Daycares and preschools Private educational institutions Dog grooming facilities Chiropractor’s, massage therapist’s or dentist’s offices Laundromats Post offices Car washes and detailing centres Mechanic’s garages and autobody shops Car sales lots Theatres and entertainment spaces Gas stations Nursing homes Offices in commercial buildings And so on. In general, regular, commercial transactions take place in these properties. They are often near public spaces and shopping districts, but they don’t have to be. Moreover, they can come part-in-parcel with equipment needed to run a business. And, they each have their very particular ways of earning revenue, based on the product or service they provide. However, they don’t cross into the realm of manufacturing or warehousing. All of the above factors can play a role in profitability. Because of this, a lender will take these details into account when granting a retail or office mortgage. Please see more on our website.