Hey there! 👋 It’s us – Glasslake Funding! Maybe you’ve heard the name, liked us on social or passed by our booth at an industry event…but have you heard our story yet?
ONLY READ THIS BLOG if you want to know how we can help you unlock success in the small commercial mortgage game.
Here’s the deal…
We know our s**t.
- Our team leverages extensive experience in the alternative industry and applies the art of finding a deal within a deal, to small commercial lending – making mortgages simple and straightforward.
We GET your clients.
- Whether it’s dealing with cash flow crunches, ambitious expansions, or navigating perceived risk, we’re fully aware of the challenges faced by businesses. We’ve got solid alternative mortgage solutions up our sleeves, designed to be an easy choice for brokers and their specialized clientele.
We’re not everything to everyone, and we embrace that fact.
- We know exactly what we’re good at – our world is small commercial mortgages and we’re here to support just that. While traditional lenders may be struggling to offer solutions due to underwriting tightening, at Glasslake, we’re confidently doubling down on our expertise in providing small commercial and investment funding options to strong credit businesses.
In this blog post, we’re giving you 4 reasons we win BIG when it comes to small commercial lending, so you can decide if Glasslake is best for your next deal.
#1. We’re Your Small Commercial Pros
With the diversified funding we offer, your small business owners and seasoned investor clients get flexible qualifying options with longer repayment terms on small commercial mortgage financing. They can either consolidate debts, get access to working capital, or purchase rental properties to increase cash flow. Isn’t that a win?
So, what counts as a small commercial deal? We’re glad you asked.
We’ve got you covered for purchases and refinancing ventures across both standard and unique commercial properties such as, cottages, Airbnb’s, daycares, restaurants, self-storage, automotive, and SO much more.
Transactions usually run from $200,000 to $3 million in loan amounts.
We’re all about flexibility here, allowing our clients to finance up to 75% of the property’s loan-to-value, and they can choose between terms as low as 2 years or lasting up to 7 years.
We love the urban cities just as much as any other lender, BUT we also recognize the untapped potential in small commercial (or residential) properties extending beyond major urban centers into secondary or tertiary markets. Regardless of location, we maintain consistent LTV limits and qualification methods because we have no boundaries on location (in BC, ON, and AB currently).
We offer accessible, sustainable loans with lower fees and competitive rates – so our brokers and their clients always come out on top!
#2. We’re All About Flexible Funding FTW!
While traditional lenders are drowning in paperwork and underwriting restrictions, we’re offering brokers and their borrowers the path to fund their next small biz deal with simplicity, and ease. And with ample liquidity, we can offer expanded small commercial options for your clients.
Our varied approach isn’t just different; it’s the new wave of lending.
Here’s how flexible we are:
- Ditch the stress test: Stop STRESSing out your clients with the daunting stress test! We use multiple qualifying programs to find a solution that’s right for any situation. How about that for peace of mind?
- Low client fees: We offer non-B-20 funding but at prime fees for your clients – it doesn’t get better than that.
- A truly simple (and common sense) process: Our underwriters use our DSCR qualifying method and our processes value low documentation. Talk about smooth and simple qualifying!
#3. We’re Huge Fans of Entrepreneurism
We recognize that many self-employed individuals and high-credit investors take bold risks and bet on themselves to create wealth. We’re here to support them because we believe in embracing a healthy risk appetite and backing Canadians who bet on themselves.
Glasslake is all about being in the trenches with entrepreneurs, the ultimate ride-or-die crew.
There’s a current gap in the alternative lending space, and Glasslake is here to fill it. We provide small commercial solutions that not only help self-employed brokers but also empower them to confidently offer their clients unique solutions and close deals seamlessly. We aim to equip brokers and their investment-seeking clients with the tools they need to shine.
#4. We ARE 5-Star Service
Why not shake things up for the better? Our crew of experienced underwriters is here to deliver top-notch service, and guess what? You won’t be stuck talking to a robot. UP-UP (Underwriters Pick Up Phones) is a practice we take pride in here at Glasslake.
We value options for application intake and the power of human interaction, ensuring you always have the opportunity to chat with a real person to get the answers and clarity you need, no matter where you are in the mortgage process.
Let’s face it, small commercial deals can be pretty layered. Good news is, we know the ins and outs, even if you feel that you don’t. We’re here to guide you every step of the way, so your commercial deals close as seamlessly as your residential ones.
That’s part of our commitment to delivering service you can count on.
The Glasslake Difference 💜
Glasslake Funding isn’t just some run-of-the-mill lender. We’re that fresh flexibility you’ve been waiting for – bound neither by private nor federally regulated constraints – and instead, offering a unique twist in the ever-changing mortgage landscape.
Founded on the principles of flexibility and innovation, we’re not just here to lend; we’re here to level up and create a sustainable tomorrow for our clients. Think of us as the rebels of small commercial lending – breaking the mould and shaping a better tomorrow for businesses and brokers.
As we continue our journey, we’re not just rewriting the rules; we’re throwing the rulebook out the window. ‘THERE ARE DEALS TO BE MADE TODAY’ is more than a slogan – it’s our commitment to a human-centred approach, diversified funding options, and a dedication to serving clients through long-term relationships with our broker partners. Let’s get deals done together.
Stay tuned for more blog posts from us!
