Commercial Financing

Commercial Mortgages

A commercial mortgage is designed for businesses and investors who wish to build, purchase or refinance income producing or owner occupied commercial properties. With competitive interest rates and a national network of lenders, we are committed to finding solutions meeting the individual needs of each customer.
Transactions under $1 million are considered small.

What else do I need to know?
  • To qualify, the real estate must be a multi-purpose, industrial, office, commercial, retail, or a multi-residential (5+ units) property
  • The property must be located in an active resale and rental market where current market rents exist for comparable properties, and where the property is readily marketable
  • Commercial mortgages require a current appraisal (AACI-qualified, bank approved appraiser; CMHC guidelines apply for CMHC insured mortgages), a passing environmental report (phase 1 ESA) and may need a report on the building condition
  • Loans are available at a fixed rate for a term of 1 to 10 years
  • Variable and fixed rate options are available. Variable rate option (prime-based) can be converted to fixed rate option
  • Multi-residential buildings, depending on the age and type of property, are amortized over a maximum of 25 years. Other types of property are amortized up to 20 years