Commercial Mortgages Toronto

With a commercial mortgage, the lender gives you the money you need to buy your commercial property and the lender uses the property as collateral. The borrower is often a business or a company as opposed to an individual.
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Reliable Commercial Mortgage Broker in Toronto


A business could be incorporated, a limited company, or a partnership, which makes assessing credit history more complicated. Repayment is dependent on the health of the business/company. Whereas a borrower will do anything possible to make monthly mortgage repayments to avoid being kicked out of his/her home, a business that is not doing well may simply declare bankruptcy. This risk leads to mortgage rates that are significantly higher than those of residential mortgages. This is why you need a mortgage broker. At Approved Mortgage Broker, we will help you get a lender with the lowest possible rates.


Mortgage Offers
pick the one thats right for you.
  • get
    $ 2,000
    on purchase over
    $500, 000
  • Receive
    $ 1,400
    when you transfer
    your mortgage of over $500,000
  • complimentary
    12 months
    Home service plan
    fint out more

We deal it!

We deal in all types of commercial properties. We also deal in pure residential real estate where such properties are bought as an investment. The types of properties that qualify for commercial mortgages and their maximum loan-to-value ratio are:
  • Storefront with Apartments (mixed) at 80%
  • Pure (multi-family) residential (1 to 4 units)
  • Pure (multi-family) residential (more than 5 units) at 85%
  • Commercial plaza mortgage at 75%
  • Storefront with Apartments (mixed) at 80%
  • Pure (multi-family) residential (1 to 4 units)
  • Pure (multi-family) residential (more than 5 units) at 85%
  • Commercial plaza mortgage at 75%
Featured Rates
Fixed
  • Lender
  • Rate
  • Term
  • Toronto-Dominion
    3.04%
    5 years
  • Scotiabank
    3.04%
    2 years
  • MCAP
    2.99%
    5 years
  • CMLS
    2.84%
    3 years
  • RFA
    2.64%
    5 years
  • First National Bank
    2.74%
    5 years
  • DUCA
    3.84%
    1 year
  • B2B
    3.19%
    2 years
  • Meridian
    2.79%
    5 years
  • RMG Mortgage
    2.69%
    5 years
Variable
  • Lender
  • Rate
  • Manulife Bank
    2.74%
    5 years
  • Home Trust
    3.00%
    5 years
Other
  • Type
  • Rate
  • Secured line of credit
    4.45%
  • Private mortgages
    5.99%
Questions?
We Are Here to Help


The debt service coverage ratio is the main qualification criterion lenders use. This is the ratio of available cash to the cash required to make mortgage repayments. The lender will expect your business or company to be making a steady profit. We will help you prove that your business is steady by providing such things as financial projections and business plans. The loan-to-value-ration given by most lenders require borrowers to invest some of their own money. Note the available funds need to be liquid and not in equity. Another reason you need the Approved Mortgage Broker team is that we hasten the process. It takes between 60 days and a year for a commercial mortgage to go through. Our relationship with lenders allows us to get your mortgage in a good time. Commercial mortgage lenders do not usually advertise their lending criteria and rates, making it difficult for borrowers to compare different lenders. At Approved Mortgage Broker, we know Toronto mortgage lenders and we will assist you to compare different offerings. You will be expected to make a big down payment on a commercial mortgage. For a mixed property, this falls between 20% and 35%. For purely commercial property, this can go as high as 50%. The exact amount depends on your risk profile. At Approved Mortgage Broker, we will ensure that your risk profile is favorable to reduce the down payment requirement.


Purchase or Refinance
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What our CLients Say
Approved
  • Avatar gilles veilleux ★★★★★
    Masoud and his team are truly focused and result driven. I did my refinancing with them, it went smooth from start to finish.
  • Avatar Roosevelt Freeman ★★★★★
    I used Nick to renew my mortgage. He found me a better deal than my bank could offer and I intend to use him again the next time I need to renew. Nick did all the work, he made it easy and simple for me. He really knows his stuff!
  • Avatar Linda Howard ★★★★★
    After some unfortunate interactions with my previous mortgage broker trying to close the deal I was recommended Approved by a friend of a friend. I didn't have my hopes high to be completely honest, however decided to give it a go and called Masoud. He was quite reassuring over the phone, and after our meeting I finally felt like I'm in the right hands. Long story short, we closed the deal and most importantly I got a much better rate than expected. I already recommended Approved to my colleague, and I'm sure there'll be more referrals from me when the time comes
  • Avatar Juan Pearson ★★★★★
    Nick gave me great advice and fair rates to process my mortgage. Marianela, his assistant, was quick getting back to me and explained any questions about documents. Would highly recommend these guys.
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