Commercial Mortgage Financing Solutions Across Canada
Commercial Property Acquisition
Financing for purchasing office buildings, retail plazas, mixed-use properties and other eligible commercial real estate.
Commercial Mortgage Refinancing
Refinance existing commercial mortgages, access available property equity or explore improved financing terms.
Commercial Construction & Development
Financing for commercial construction, property redevelopment, major renovations and eligible expansion projects.
Explore Our Commercial Mortgage Financing Solutions
Commercial mortgages in Ontario and across Canada can help business owners, real estate investors and developers purchase, refinance or develop eligible income-producing and owner-occupied commercial properties. True North Financing assists borrowers in exploring commercial mortgage solutions for retail plazas, office buildings, industrial properties, apartment buildings, hotels, retirement residences and other eligible commercial real estate assets.
True North Financing also assists eligible borrowers with commercial mortgage financing for properties in Brantford, Hamilton, Oakville, Kitchener, Toronto and other Ontario markets, subject to property eligibility and lender requirements.
Whether you are purchasing your first commercial property, refinancing an existing investment or financing a new development, we help evaluate suitable lending structures based on property income, borrower qualifications, available equity, project feasibility and lender requirements.
Commercial Property Acquisition Financing
Commercial property acquisition financing helps eligible buyers purchase properties for investment or business operations. Lenders evaluate the property type, location, income potential, appraised value, ownership structure and the borrower’s financial position.
✓ Retail Plaza & Shopping Centre Financing
Explore commercial mortgages for retail plazas, neighbourhood shopping centres, strip malls and other income-producing retail properties. Lenders may review occupancy, lease terms, tenant quality and net operating income.
✓ Office Building Financing
Commercial mortgage solutions for professional office buildings, medical offices, multi-tenant office properties and owner-occupied office facilities. Financing depends on location, cash flow, occupancy and borrower qualifications.
✓ Industrial & Warehouse Financing
Financing for industrial condominiums, warehouses, distribution facilities, manufacturing buildings and large industrial properties. Both investor-owned and owner-occupied properties may qualify, subject to lender requirements.
✓ Multi-Residential & Apartment Building Financing
Explore commercial mortgage options for eligible multi-unit rental properties, purpose-built apartment buildings and residential investment portfolios. Lenders consider rental income, expenses, occupancy and property condition.
✓ Mixed-Use Commercial Properties
Financing may be available for eligible properties combining retail, office, residential and other commercial uses. Loan structures depend on the property’s income sources and composition.
Commercial Mortgage Refinancing & Equity Release
Commercial mortgage refinancing allows qualifying owners to replace or restructure existing mortgage obligations. Depending on property equity, cash flow and lender policies, refinancing may provide opportunities to improve financing structures or access capital for eligible business and investment purposes.
✓ Commercial Mortgage Refinancing
Review refinancing options for existing commercial buildings, including mortgage maturities, lender transfers, debt restructuring and alternative repayment arrangements.
✓ Commercial Property Equity Take-Out
Eligible property owners may explore accessing available commercial real estate equity for acquisitions, renovations, business expansion or other lender-approved purposes.
✓ Bridge & Transitional Financing
Shorter-term financing may be considered for eligible acquisition timelines, repositioning projects, lease-up periods or properties transitioning toward stabilized long-term financing.
✓ Commercial Portfolio Refinancing
Investors with multiple commercial properties may explore refinancing, consolidation or portfolio financing structures, depending on the assets, ownership arrangements and consolidated financial performance.
Commercial Construction & Development Financing
Commercial developers and business owners may require financing for land acquisition, construction, redevelopment or property expansion. Construction lenders assess the development budget, project approvals, borrower equity, market feasibility and proposed repayment strategy.
✓ Commercial Building Construction
Explore financing for eligible retail plazas, office developments, warehouses, industrial facilities and other commercial construction projects. Construction funds may be advanced according to approved progress draws.
✓ Land Acquisition & Development Financing
Financing may be considered for eligible commercial development land, site servicing, land improvements and development projects, subject to zoning, environmental conditions and lender requirements.
✓ Property Redevelopment & Expansion
Explore financing for qualifying building expansions, renovations, property conversions and redevelopment projects. Lenders may assess construction budgets, approvals and existing property performance.
✓ Construction-to-Permanent Mortgage Financing
Depending on the transaction, borrowers may explore construction financing followed by long-term commercial mortgage financing after project completion, occupancy and stabilization.
Specialized Commercial Mortgage Solutions
Certain commercial property types require specialized underwriting because of their operating models, income structures, regulatory requirements or business components.
✓ Hotel & Hospitality Financing
Explore mortgage solutions for branded hotels, independent hotels, motels and hospitality developments. Lenders may assess occupancy, revenue per available room, operating performance and management experience.
✓ Retirement Home & Senior Living Financing
Financing may be available for eligible retirement residences, assisted living facilities and senior living properties. Lenders evaluate occupancy, operating income, licensing and management qualifications.
✓ Gas Station Financing
Commercial mortgage options may be considered for eligible gas stations, fuel retail properties and related convenience store operations. Environmental due diligence, fuel sales and business cash flow are important considerations.
✓ Owner-Occupied Commercial Property Financing
Business owners purchasing a property for their own operations may explore owner-occupied commercial mortgage financing, based on business financial performance, occupancy and property eligibility.
Commercial Mortgage Financing Options in Canada
Commercial financing is available through different types of lenders. The appropriate lender depends on the property, borrower, financing amount, required timeline and overall transaction risk.
✓ Bank & Credit Union Commercial Mortgages
Traditional financial institutions may offer commercial mortgages for eligible stabilized or owner-occupied properties, subject to financial performance, collateral requirements and credit approval.
✓ Alternative Commercial Mortgage Lenders
Alternative lenders may consider certain commercial properties or transactions that fall outside conventional lending criteria. Financing structures and borrowing costs vary.
✓ Private Commercial Mortgage Financing
Private mortgage financing may be considered for eligible shorter-term requirements, unique properties or transitional situations. Borrowers should carefully evaluate interest costs, fees, repayment terms and exit strategy.
✓ Insured Multi-Residential Financing
Certain qualifying residential rental properties may be eligible for mortgage loan insurance programs administered by Canada Mortgage and Housing Corporation (CMHC), subject to current program and lender requirements.
Commercial Mortgage Eligibility & Lender Requirements
Lenders review the property’s income, condition and market position alongside the borrower’s financial strength and repayment ability. Requirements differ across owner-occupied, investment and development properties.
✓ Net Operating Income & Debt Service Coverage
For income-producing properties, lenders may review net operating income (NOI), lease revenue, occupancy, operating expenses and debt service coverage ratio (DSCR) to assess repayment capacity.
✓ Commercial Property Valuation
Property appraisals, location, condition, permitted uses, market demand and comparable transactions may affect loan eligibility and available financing amounts.
✓ Borrower Credit, Net Worth & Experience
Lenders may review borrower financial statements, credit history, available liquidity, commercial property experience and the ability to meet financial obligations.
✓ Down Payment & Loan-to-Value Requirements
Required equity contributions and maximum loan-to-value ratios vary depending on the property type, lender policies, transaction structure and borrower’s qualifications.
✓ Tenant Leases & Occupancy
For investment properties, lenders may evaluate existing leases, rent rolls, tenant concentration, lease expiry schedules, vacancy rates and potential capital expenditures.
✓ Environmental & Property Due Diligence
Environmental assessments, property condition reports and other technical reviews may be required, particularly for industrial, fuel retail or redevelopment properties.
Documents Required for Commercial Mortgage Financing
Lenders may request the following documents depending on the property and financing purpose:
✓ Corporate ownership documents and borrower financial statements.
✓ Purchase agreement or existing mortgage statement.
✓ Property rent roll and copies of major tenant leases.
✓ Historical property income and operating expense statements.
✓ Property tax information, insurance details and maintenance records.
✓ Independent appraisal, where requested.
✓ Environmental and property condition reports, where applicable.
✓ Borrower credit, net worth and liquidity documentation.
✓ Construction budgets, plans, approvals and feasibility information for development projects.
Our Commercial Mortgage Financing Process
✓ Step 1 — Discuss Your Financing Requirements
Tell us about the commercial property, its location, purchase or refinancing objectives, requested loan amount and proposed ownership structure.
✓ Step 2 — Review Property & Borrower Details
We review available property financial statements, rent rolls, borrower qualifications, transaction documents and supporting information.
✓ Step 3 — Explore Appropriate Lending Options
Depending on eligibility, we help evaluate potential bank, credit union, alternative and private commercial mortgage financing solutions through participating lenders.
✓ Step 4 — Lender Underwriting & Approval
The lender reviews financial information, property valuation, security and applicable conditions before issuing a financing commitment.
✓ Step 5 — Legal Closing & Funding
Following final approval and completion of required legal documentation, financing proceeds according to the lender’s instructions and closing arrangements.
Important Commercial Mortgage Considerations
✓ Interest Rates, Fees & Loan Terms
Commercial mortgage pricing depends on lender policies, property income, borrower strength, loan-to-value ratio, financing structure and market conditions. Consider the complete financing cost, not only the quoted interest rate.
✓ Lease Expiry & Tenant Concentration
Properties relying heavily on one tenant or facing major lease expiries may encounter additional lender scrutiny or more restrictive financing terms.
✓ Property Maintenance & Capital Expenditures
Consider building condition, deferred maintenance, major repairs, tenant improvements and other costs that may affect property cash flow and loan eligibility.
✓ Mortgage Maturity & Refinancing Strategy
Borrowers should review maturity dates, repayment obligations, potential prepayment penalties and the availability of future refinancing before selecting a commercial mortgage.
Why Choose True North Financing for Commercial Mortgages?
True North Financing works with commercial property owners, investors, developers and business operators to help them explore financing structures suitable for their property and business objectives.
✓ Financing assistance for retail, office, industrial, multi-residential and specialized commercial properties.
✓ Support for acquisitions, refinancing, equity release and construction projects.
✓ Access to potential financing options through participating institutional, alternative and private lenders.
✓ Guidance on property documentation, lender requirements and mortgage financing structures.
Explore related financing services:
Industrial & Warehouse Financing,
Office Financing, and
Business Loans.
For additional information on Canadian business financing, visit the
Business Development Bank of Canada (BDC).
Commercial Mortgage Disclaimer:
All financing options are subject to lender approval, credit assessment, property eligibility, security requirements, applicable fees and financing conditions. Interest rates, loan amounts, equity requirements and funding timelines vary. Information provided is general and does not constitute a mortgage commitment or guarantee of approval.
Frequently Asked Questions
A commercial mortgage is financing secured against a commercial property, such as an office building, retail plaza, warehouse, industrial facility or eligible multi-unit residential property. It can be used to purchase or refinance commercial real estate.
Commercial mortgage down payments vary based on the property, lender and borrower qualifications. Many conventional lenders may require approximately 25% to 35% or more, although some transactions may qualify for different financing structures. The exact requirement depends on the lender's assessment.
Yes, financing may be available to new businesses, although lenders often examine the owners' financial strength, business plan, equity contribution, industry experience and projected cash flow. Requirements can be more extensive when the business has limited operating history.
We help clients explore financing options for office buildings, retail plazas, industrial and warehouse properties, mixed-use developments, eligible multi-unit residential buildings and other commercial investment properties. Financing availability depends on property eligibility and lender criteria.
Yes. Commercial mortgage refinancing may allow eligible property owners to access available equity, consolidate existing financing or restructure mortgage terms. The amount available depends on the property's value, income, existing debt and lender requirements.
Yes. Financing may be available for eligible commercial land acquisitions, construction projects and property redevelopment. Lenders typically review zoning, development approvals, project budgets, borrower experience, equity and exit or repayment strategies.
Typical requirements may include a purchase agreement or existing mortgage statement, property information, rent rolls or leases for income-producing properties, business or personal financial statements, tax returns and supporting identification. Appraisals, environmental reports and other due diligence documents may also be required.
Timelines depend on the property type, lender, requested financing and complexity of due diligence. Some initial assessments can be completed relatively quickly, while full underwriting, appraisal, legal review and funding may take several weeks or longer.