Commercial Mortgages

Small Commercial Mortgages

Small Commercial Mortgages are designed for small businesses or investors that would like to purchase or refinance commercial real estate. As one of Canada’s largest brokerages for commercial property, we can tailor a financing solution to meet your financing needs.

How can this help my business?

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

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
  • Properties must be less than 20 years old or restored through renovation
  • Small 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 5 years
  • Variable rate loans are available for 1-2 years and can be converted to fixed rate loan
  • 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

Large Commercial Mortgages

A commercial mortgage is designed for businesses and investors who wish to purchase or refinance income producing, commercial properties. With competitive interest rates and a national network of real estate specialists, we are committed to finding solutions meeting the individual 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 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
  • 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
  • Variable and fixed rate options are available. Variable rate option (prime-based) can be converted to fixed rate option
  • Mortgages are available for a maximum of 5 years (10 years for CMHC-insured properties)
  • 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

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