Commercial mortgages are very different from residential mortgages. The due diligence process for commercial mortgages is quite unique and more rigorous. Interest rates are higher, and amortization is lower.
The mortgages are usually registered in a business name.
What we finance:
Retail stores,
Office plazas and condos
Industrial space,
Mixed-use (residential /commercial)
Gas stations
Hotels and Motels
Up to 70-75 LTV (loan to value)
From major cities to rural Ontario
Multi-family housing up to 85 LTV