Commercial Mortgages

Small Commercial Mortgages

Small Commercial Mortgages serve small businesses or investors looking to purchase or refinance commercial real estate. As one of Canada’s largest brokerages for commercial property, we at Capital Mortgages can customize a financing solution to meet your specific needs.

How can this help my business?

Bricks and Mortar Loans offer funding up to $1,000,000 for the long-term financing of income-producing properties.

What else do I need to know?

To qualify for small commercial mortgages:

Property Eligibility: Must be multi-purpose, industrial, office, commercial, retail, or a multi-residential (5+ units) property.

Market Requirement: Should be in an active resale and rental market with current market rents.

Age Criteria: Properties must be less than 20 years old or renovated.

In the application process:

Appraisal Requirement: A current appraisal is mandatory.

Environmental Check: An environmental report is necessary.

Condition Report: A building condition report may be needed.

For financing:

Fixed-Rate Option: Available for 1 to 5 years.

Variable Rate Option: Available for 1-2 years, convertible to fixed-rate.

Amortization for Multi-Residential Buildings: Up to 25 years.

Amortization for Other Properties: Up to 20 years.

These criteria and options ensure tailored financing solutions for small businesses and investors, offering flexibility and responsiveness to market dynamics.

Large Commercial Mortgages

A commercial mortgage caters to businesses and investors aiming to purchase or refinance income-producing commercial properties. With competitive interest rates and a national network of real estate specialists, we actively commit to finding solutions that meet the unique needs of each customer.

How can this help my business?

• A Commercial mortgage provides funding over $1,000,000 for long-term financing of income producing properties

What else do I need to know?

• To qualify, the real estate must represent a multi-purpose, industrial, office, commercial, retail, or a multi-residential (5+ units) property. The property must reside in an active resale and rental market where comparable properties command current market rents and where the property is readily marketable.Stringent Qualifications: Mortgages necessitate a current appraisal (conducted by an AACI-qualified, bank-approved appraiser; CMHC guidelines apply for CMHC insured mortgages), a passing environmental report (phase 1 ESA), and potentially a report on the building condition.Flexible Rate Options: Variable and fixed rate options are available.Rate Conversion: The variable rate option (prime-based) can be converted to a fixed-rate option.Maximum Term: Mortgages are available for a maximum of 5 years (10 years for CMHC-insured properties).Amortization Period: Multi-residential buildings may be amortized over 25 years (CMHC-insured may be up to 35 years). Other types of property may be amortized over 20 years.These guidelines ensure that Bricks and Mortar Loans offer tailored solutions for the long-term financing of income-producing properties, emphasizing flexibility and responsiveness to market d