Office 250-751-1223

Email [email protected]

Commercial Mortgages

A commercial mortgage is designed for businesses and investors who wish to purchase or refinance income producing, commercial properties. 

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
 Please fill out the information below and I will put you in touch with a trusted mortgage professional who will provide you with a depth of knowledge, explain all of your financing options and get you the best rate!

Commercial Mortgage Calculator

Purchase Amount: Down Payment:
Interest Rate: % Payment Interval:
Mortgage Term (Years)    
Closing Costs ($): Closing Costs (%):
Loan Amount:
Interest Rate:
Payment Interval:
Mortgage Term:
Payment:
Total Payments:
Total Amount Paid:
Total Interest Paid:
This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not be liable for loss or damage of any kind arising from the use of this tool.
  Thinking of Selling
  Thinking of Buying
  Investment Search
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.