how hard is it to get financing with a new corporation in canada?

[Account Closed]

I've been reading quite a bit about corporation vs personal ownership in canada, and i think corporation makes a lot of sense, especially because i plan on expanding eventually to 100+ doors. the corporation just seems like a much better deal for paying as little tax as possible. 

however, i'm concerned that starting out i won't be able to get any loans, because my corporation will be new with no credit history. i plan on starting with tri/quad/quintuplexes and then working up to larger buildings. does anyone know if it will be difficult to find lenders for these types of buildings as a corporation in canada? my personal credit history is quite good, and i have mid-range personal income (60-90k).  

thanks

[Roy Cleeves]

I have property both in personal name and corporation.  The advantage of a corporation is that you pay fewer taxes and you can pass the corporation on to the kids once you pass away without having to sell or pay any estate taxes or land transfer taxes.

The lenders have approved my loans for my corporation based upon me personally guaranteeing the loans.  Once my corporation starts to make enough money on its own then it can be the guarantor without me.

And if you buy a bigger complex such that it is deemed a commercial sale rather than residential - then they just look at the deal instead of you.