Small Commercial

CMLS Financial is one of Canada’s largest full-service mortgage providers. With a dynamic range of financing options, we can arrange a mortgage solution tailored to your customers’ needs quickly and conveniently.

CMLS Financial specializes in developing flexible and innovative solutions with prompt approvals and exceptional customer service.

Highlights

• Personalized service
• Competitive pricing
• Flexible solutions
• Prompt turnaround time

Target Properties

• Multi-unit residential 10+ units
• Student residences
• Industrial
• Office space
• Retail
• Mixed use

Conventional Mortgage Program

• 1st & 2nd mortgages
• 1-5 year terms
• Up to 25-year amortization
• Closed and open mortgages
• Up to 70% LTV on 1st mortgages
• Minimum DSCR requirements
• BCA (Building Condition Assessment), ESA (Environmental Safety Assessment), appraisal required for every property

Finders Fee

Typically, on this type of a commercial mortgage, the originating broker will charge a fee to the borrower. If required, CMLS Financial may, in select cases, build a fee into pricing.

Pricing

Pricing is very much deal dependent, but typically 200-250 bps above the Government of Canada bond yield for the requested term. Second mortgage rates range from 6% to 9%. We are competitive with the banks and credit unions in terms of rates, but we also consider ourselves to be more flexible.

SLG RATES Application Form Personal Net Worth Statement Real Estate Assets CMHC Documentation Requirements