Commercial mortgages — built for sponsors who run real assets.
Apartment buildings, plazas, warehouses, hotels, and specialty real estate. We pair your deal with the lender that actually wants it — A-bank, monoline, CMHC, MIC, or institutional — and structure for rate, term and recourse together, not one at a time.
Most sponsors learn the same lesson the hard way: their bank's commercial desk knows one rate sheet, one box, and one timeline. CMHC MLI Select optimization gets missed. Bridge → CMHC takeouts get split across two teams that don't talk. Anchor tenant renewal probability never makes it into pricing. Construction draws stall while the same underwriter who approved the term sheet asks for the third version of the cost-to-complete. We've placed $3.2B of commercial across 40+ lenders since 2004 — A-banks, monolines, MICs, CMHC-approved lenders, and institutional capital — so we know which lender actually wants your asset class, your market, and your sponsor profile.
Every commercial structure under one roof.
Commercial deals fail when sponsors over-rely on one lender's rate sheet. We build the right capital stack from a network of A-banks, monolines, MICs, CMHC-approved lenders, and institutional capital.
CMHC MLI Select
Up to 95% LTV, 50-yr amortization on stabilized multi-family meeting affordability/energy/accessibility tests.
CMHC Standard
Insured multi-family for stabilized assets that don't qualify for MLI Select. 65–85% LTV, 25-40 yr am.
Conventional Term
Uninsured A-bank or monoline term debt. 65–75% LTV. Faster to close than CMHC, lower leverage.
Bridge Financing
Short-term (6–24 month) capital for value-add, lease-up, repositioning, or pre-CMHC takeout.
Construction Loans
Land + servicing + vertical construction draws. Cost-to-complete underwriting. Bridge → permanent takeout.
Owner-Occupied Commercial
For business owners buying their own building. SBA-style structures with 80–90% LTV via partner lenders.
Refinance / Equity Take-Out
Pull equity from stabilized assets at lower rate, longer am, or to recapitalize for new acquisitions.
Mezzanine / Preferred Equity
Layered behind senior debt to push leverage from 65% to 85% on the right deal. Institutional capital.
From multi-family to specialty — we know the appetites.
Each lender has appetite preferences (asset class, market tier, sponsor profile). Knowing who actually wants your deal saves rate, time, and avoidable declines.
Why sponsors choose Mortgage Squad Advisors.
Five steps from term sheet to funding.
Commercial deals are bespoke — but the workflow is consistent. Here's what you'll see in your inbox over the 60–120 days from intake to funded.
Sponsor + asset intake
Sponsor profile (T1, NoA, T2, REO schedule), asset summary (T12, rent roll, leases). 24-48 hour turn.
Lender shortlist
3-5 lenders sized for your file. Indicative term sheets in 5-10 days.
Full underwriting
Appraisal, environmental Phase 1, structural, financials. Commitment 30-45 days from full file.
Conditions
Appraisal, insurance, ALTA, ESA, lawyer's opinion, title insurance. Coordinated by our team.
Funding
Lawyer closes. Funds advance at closing or per progress draws (construction).
Your bank knows their box. We shop forty boxes.
Commercial deals are won at the structuring table — not on a rate-sheet PDF. The right lender for your file may be a name your banker has never heard of.
“We had a 78-unit purpose-built rental in Hamilton that three banks declined for being 'too small'. Mortgage Squad Advisors placed it under CMHC MLI Select at 87% LTV, 50-year am, and saved us roughly $640k of equity over a conventional structure. They handled the affordability modelling and the energy commissioning too.”
Commercial Mortgages across major Canadian markets
We place commercial files coast to coast. Pick your market for local context and start a pre-qualification with your deal in mind.
Don’t see your city? Browse all Canadian markets — commercial coverage is national.
What's the minimum deal size you'll work on?
What's CMHC MLI Select and why does it matter?
How long does a commercial mortgage take?
What LTV can I expect on commercial?
What's the typical DSCR requirement?
Do I need a personal guarantee?
Can you finance value-add or repositioning?
How are commercial rates set?
Editorial commitment
This commercial mortgages page is an editorial profile written from our brokerage’s perspective by Mortgage Squad Advisors Editorial Team · Licensed Mortgage Advisors · Reviewed under the Principal Broker. We receive no compensation from any specific lender for this content. On most commercial files the lender pays our placement fee; we disclose compensation in writing on every deal. Program details and rates are reviewed quarterly; last reviewed May 13, 2026.