Get Long-Term Financing for Your Income Property
Take advantage of opportunities to buy or refinance income-producing property, with a commercial mortgage that provides funding over $500,000.
A Commercial Mortgage Is Commonly Used For:
- Businesses investing in income-producing real estate properties greater than $500,000
- Financing multi-residential (minimum 7 rental units), industrial, office or retail property
- Financing properties that are readily marketable and located in an active resale and rental market
Eligibility Requirements:
- Mortgages require a current appraisal (AACI qualified, bank approved appraiser), a passing Environmental report (Phase I ESA), and may require a Building Condition Report
- Canada Mortgage and Housing Corporation (CMHC) requests, if required, must comply with CMHC guidelines
Key Benefits
- Competitive interest rates, terms and conditions
- Variable and fixed rate options are available, with the ability to convert from variable to fixed if interest rates fluctuate
- CMHC insurance is available when required
