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Canada Ontario Mortgage Company Offers Commercial Mortgages Available to Retail, Industrial and Commercial Businesses
Mortgage Direct 2u, your source for Commercial Mortgages
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Mortgages that fit your needs
Commercial Mortgage Application
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Commercial Properties for Sale / Lease require Commercial Mortgages

Private Loans Program

COMMERCIAL MORTGAGES

QUICK FACTS

Loan Amount
$100,000 to $3,000,000
Term 6 to 36 months
Rates 8.5% to 12.5%, subject to risk
Lender Fee 2% to 4% of the loan amount
Amortization Often interest only, negotiable
Prepayment Flexible
Guarantee Personal required in most situations
Security
  • 1st mortgage
  • 2nd mortgage
  • on a selective basis
Purpose
  • Residential
  • Commercial
  • Construction
  • Environmental Remediation
  • Special Situations
Timeline Term sheets in 24 hours upon presentation of good information
Loan to Value
  • Max: 75% on residential
  • 70% on commercial
  • higher loan amounts with additional real estate collateral

Eligible Properties

Single Family Dwellings Urban and selective rural
Mixed Use Properties that integrate residential and commercial uses
Retail and Office Buildings Includes office, convenience stores, drug stores, bakeries, and salons
Multi-Family Housing Individual apartments for rent and student housing
Raw Land Residential and commercial
Warehouses
 /Light Industrial Properties
Single and multi-tenant facilities
Automotive Services Includes auto repair to retail auto shops and parts-supply stores.
Hotels/Motels On a selective basis
Restaurants Established owner-occupied and leased facilities
Raw Land Residential and commercial
Other type of properties include:
  • Assisted Care
  • Campground
  • Car Wash
  • Gas Station
  • Marina
  • Mobile Home Park
  • Private School
  • Church