Commercial Construction Financing Canada

Construction financing in Canada varies by market, lender, and asset type. We simplify it. From shovel-ready apartments to industrial condos or mixed-use, we match the loan structure to your budget and schedule, then bring targeted quotes that fit the risk, timeline, and exit.

Who We Serve

Developers, builders, and owner-operators working on:

• Purpose-built rental and condo projects
• Industrial bays, logistics, cold storage
• Retail and mixed-use on main streets and growth corridors
• Medical, professional, and strata office
• Hotels, motels, and select resort projects (case by case)

Projects We Finance

• Multi-unit residential: Market rental, CMHC-insured where it helps, and condo on a selective basis
• Industrial: Flex, strata bays, distribution, light manufacturing
• Retail & Mixed-Use: Neighbourhood plazas, podium with residential above
• Office: Medical, professional, strata or freehold
• Specialty: Self-storage and seniors housing where fundamentals support it
• Land & Servicing: Entitled or near-term servicing with a defined exit

Eligible Scenarios

• Construction loans: Ground-up, additions, and major repositioning
• Bridge to build: Land and soft costs while permits and drawings finalize
• Inventory and sell-out: Short-term facilities for condo or strata release
• Take-out alignment: Construction with a committed term or CMHC exit

How Construction Mortgage Financing in Canada Is Structured

We start with your budget, schedule, and exit. Then we build the capital stack around it.

• Draws: Milestone or percentage-of-completion, verified by a quantity surveyor
• Interest: Interest-only during construction with capitalized interest where needed
• Equity: Reasonable equity in first, with mezz or preferred equity considered when the project supports it
• Covenants: Practical pre-sale or pre-lease tests where required, with realistic thresholds

Typical Loan Parameters and Eligibility

(Actual terms vary by project, sponsor strength, market, and lender policy.)

• Loan-to-Cost / Loan-to-Value: Often 60 to 75 percent of cost. Higher leverage possible with CMHC on rental
• Rates and fees: Competitive market rates with standard lender, legal, and third-party costs disclosed up front
• Term: Usually 12 to 36 months with extension options
• Security & recourse: First mortgage standard. Recourse and guarantees depend on leverage and risk
• Eligibility basics: Relevant experience, clean title and zoning, credible budget and timeline, and a clear exit

Streamlined Documents Checklist

We stage requests so you can keep building:

• Project package: Budget, hard and soft costs, schedule, drawings and specs
• Reports: Appraisal, Phase I ESA, geotech as needed, and quantity surveyor engagement
• Approvals: Zoning, development permit, building permit or timeline to issuance
• Corporate & sponsor: Net worth and liquidity summary, company structure, recent financials
• Leasing or sales: Pre-lease LOIs or pre-sale disclosures if required by the lender

Process and Timelines

• Initial review (1 to 3 business days): Budget, schedule, approvals status, and exit plan
• Term sheet (5 to 10 business days): Targeted quotes from fit-for-purpose lenders
• Diligence and approvals (2 to 5 weeks): Appraisal, environmental, QS, and legal
• Funding and draws: Conditions satisfied, insurance bound, and draw mechanics set so trades stay paid

Why Build With Us

• Structure first: We size to your plan, not a template
• Lender access: Banks, credit unions, alternative and private capital, plus CMHC on rental
• Speed and clarity: Clear milestones, quick issue spotting, and plain language
• National coverage: From major metros to strong secondary markets across Canada

Get Started

Send your address, budget, drawings, schedule, and approvals status. Add pre-sale or pre-lease details if available. We will outline practical options for Construction Mortgage Financing in Canada, including CMHC paths for rental, so you can compare terms and start building with confidence.