Commercial Mortgage Refinance Canada
Refinance Your Commercial Mortgage
Refinancing commercial mortgages across Canada to lower your rate, improve cash flow, pull equity, or replace a maturing loan. We compare lenders and structure terms that fit your plans, then map out timelines, fees, and documents from appraisal to funding. For owner occupied and investment properties, we also review prepayment costs and renewal options so you know the trade offs. If you want to run numbers or get a second opinion, book a quick, no pressure call.
Refinancing works best when the structure matches your next move. Whether you want to cut interest costs, fund renovations, or align debt with a sale or hold strategy, we tailor the loan to your cash flow and timeline, then bring targeted quotes that fit the risk and market.
Who We Serve
- Owners seeking lower rates or longer amortization
- Investors pulling equity for upgrades or acquisitions
- Sponsors rolling short bridge loans into stable term debt
- Multi-family owners moving to insured execution with CMHC
Properties We Finance
- Multi-unit residential (5+): Market rental, CMHC where it helps
- Industrial: Distribution, last-mile, flex and condo bays, light manufacturing
- Office: Medical, professional, suburban and downtown, strata or freehold
- Retail & Mixed-Use: Neighbourhood plazas, street-front retail with residential above
- Specialty: Self-storage and select housing types where fundamentals support it
Eligible Scenarios
- Rate and term improvement: Reduce interest expense or align term with business goals
- Amortization reset: Lower payments to increase free cash flow
- Equity take-out: Fund capex, tenant improvements, or acquisitions
- Bridge to term: Refinance short-term or maturing loans into stable financing
- Consolidation: Simplify multiple loans into one facility when it makes sense
How Refinance Financing Is Structured
We start with stabilized income, lease roll, and your next two years of plans.
- Leverage: Sized to DSCR and lender policy with room for future leasing or capex
- Rates: Fixed or variable with sensible prepayment options
- Amortization: Typically 20 to 30 years, longer for qualifying CMHC rental
- Covenants: Practical reserve and reporting terms that match your operation
Typical Loan Parameters and Eligibility
(Actual terms depend on asset quality, sponsor strength, market, and lender policy.)
- Loan-to-Value: Often 55 to 75 percent for conventional. Higher possible with CMHC on rental
- DSCR: Commonly 1.20x to 1.35x on stabilized NOI
- Term: 1 to 10 years with renewal options
- Security and recourse: First mortgage standard. Recourse varies by leverage and deal size
- Sponsor: Relevant experience, adequate net worth and liquidity, clean compliance history
Streamlined Documents Checklist
We stage requests so diligence does not drag on.
- Property: Current rent roll, trailing 12-month operating statement, leases and key amendments, tax bills, insurance
- Reports: Appraisal, Phase I ESA, and building condition report as required
- Corporate and sponsor: Net worth and liquidity summary, org chart, recent financials and tax filings
- If equity take-out: Capex plan, leasing assumptions, or acquisition pipeline
Process and Timelines
- Initial review (1 to 3 business days): Indicative savings, sizing, and lender short-list
- Term sheets (3 to 10 business days): Competitive quotes aligned to your target close
- Diligence and approvals (2 to 6 weeks): Appraisal, environmental, legal, and conditions
- Closing: Insurance bound, security registered, funds advanced with any payouts handled
Why Work With Us
- Structure first: We fit the debt to your plan, then pick the right lender
- Breadth of capital: Banks, credit unions, alternative and private capital, plus CMHC on rental
- Clarity and speed: Clear milestones, quick reads on issues, simple language
- National coverage: Major metros and strong secondary markets across Canada