Commercial Loan

Buying commercial real estate is an important decision, potentially very profitable and often complex. With support from our experts and a loan adapted to your needs, we can help make your project a reality.

Loan Amounts

Minimum: $1,000,000

Maximum: Depends on the deal, no set maximum. Attain Mortgage has funded $100M+ loan amounts, but most deals are between $4M-$20M.

 

Loan to Value

Conventional mortgages up to 75% of the asset’s value (based on prescribed capitalization rates).

Second mortgages are available up to 85%.

 

Conventional Mortgage Program

  • 1st & 2nd mortgages

  • 1-5 year terms

  • Up to 25-year amortization

  • Closed and open mortgages

  • Up to 70% LTV on 1st mortgages

  • Minimum DSCR requirements

 

Pricing

Pricing is very much deal-dependent, but typically 100-230 bps above the Government of Canada bond yield for the requested term. Second mortgage rates range from 6% to 9%. We are competitive with the banks and life insurance companies in terms of rates, but we also consider ourselves to be more flexible.

 

Target Properties

  • Multi-unit residential 10+ units

  • Student residences

  • Industrial

  • Office space

  • Retail

  • Mixed use

  • Conventional Mortgage Program

  • 1st & 2nd mortgages

  • 1-5 year terms

  • Up to 25-year amortization

  • Closed and open mortgages

  • Up to 70% LTV on 1st mortgages

  • Minimum DSCR requirements

  • BCA (Building Condition Assessment), ESA (Environmental Safety Assessment), appraisal required for every property

 

Requirement

Property type and location

Business Financial Statements

Personal Net Worth Statement

Property Appraisal