Commercial Mortgages

A commercial mortgage in Canada is a mortgage loan given to the owner of a property that is not considered a residential home. It is oftentimes one of the largest financial investments that an investor makes in their life. The lender has security that the loan will be paid back because they have your property as collateral.

An Industrial building, office units, apartment buildings, shopping malls, storefronts plus apartments, retail plazas, and hotels are just some examples of the different types of commercial properties that you can get financing in the form of mortgages. Similar to residential mortgages on a home, a commercial mortgage loan can come in the form or a first, second, or third mortgage, although first and second mortgages are much more common than third mortgages are.