Commercial Mortgages are available for:

  • Purchase
  • Renovations
  • New Construction
  • Transfers/Assignment
  • Equity take-out
  • Consolidation
  • Payout other lenders

Types of Real Estate Covered


  • CMHC insured maximum 85%
  • Non-profit organization – Canadian Mortgage and Housing (CMHC) or government guaranteed
  • Conventional based on appraised value
  • Affordable housing program (CMHC)


  • Strip malls
  • Office buildings
  • Industrial buildings
  • Land for residential development
  • Speculative home construction under selective circumstances
  • Churches, motels, mini-home parks
    • Maximum up to 65% determined by location, condition, marketability, cash flow position
    • Amortization up to 20 years (CMHC 25 years)
    • Confirmed cash flow to provide minimum 1.2x (times) debt service coverage

Interest Rates

  • Fully competitive in the industry and based on perceived risk that includes location, type, condition, debt service, etc.
  • CMHC – Posted residential rate or less depending on the merits of the application

Application Fees

  • Up to 1.5% of loan amount – based on complexity of the application
  • Applicable CMHC fees

Areas Served

  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Prince Edward Island