Commercial Real Estate
Commercial real estate financing may support a purchase, refinance or renovation. A financing partner will assess the property, occupancy, cash flow, borrower profile and proposed use before deciding whether to present an offer.
Quick Facts
Loan Amount
Partner-specific - Partner-specific
Rate / Cost
Varies
Funding Time
Varies
Term Length
Varies
Key Benefits
- Amounts depend on the property and applicant
- Available across all provinces
- Credit and property underwriting
- Repayment structures vary
- Multiple property types
Requirements
- Property appraisal
- Business financial documents
- Personal financial information may be required
- Credit and property review
- Equity or down-payment requirements vary
Ideal For
Key facts
Reviewed by Apply For Financing editorial team on 2026-08-28. Apply For Financing introduces businesses to financing partners and does not lend.
- Commercial real estate financing can support a purchase, refinance or improvement of eligible business property.
- Apply For Financing introduces businesses to third-party financing partners. We do not originate mortgages or appraise property.
- Partners underwrite the property, occupancy, net operating income and the borrower's ability to pay — not only the asking price.
- We do not publish a typical loan-to-value or rate band because leverage follows property type, occupancy and sponsor strength.
- Debt-service coverage ratio (DSCR) compares net operating income with annual debt service. Many partners look for DSCR above 1.0, with the exact floor set in their credit box.
- Owner-occupied and investment properties are underwritten differently. Confirm occupancy rules before treating a quote as portable.
- Partners commonly ask for an appraisal, rent roll or operating statements, and a down-payment or equity source.
- This product is usually a poor fit for short-term working capital with no property in the transaction.
How this product is usually structured
| Typical use | Purchase, refinance or improve office, retail, industrial or mixed-use property |
|---|---|
| Cost basis | Interest, points, appraisal and closing costs |
| Amount | A function of value, DSCR and the partner's leverage limit |
| Term | Often years, sometimes with a balloon or refinance event |
| Repayment | Amortizing payments; interest-only periods if offered |
| Security | A mortgage or charge on the property plus possible guarantees |
| Timing | Longer than working-capital products because of appraisal and title |
| Main risk | Vacancy, rate reset and owing more than the property supports |
Who it is usually for
- An identified property the partner is willing to underwrite
- Equity or down payment that meets the partner's requirement
- Cash flow or sponsor strength that supports the proposed debt service
What partners typically ask for
- Purchase contract or refinance statement
- Appraisal, environmental and title items as required
- Operating statements, rent roll or business financials
- Proof of down payment or existing equity
DSCR on a hypothetical property
If net operating income is $180,000 and annual debt service is $150,000, DSCR is 1.20. That means the property produces $1.20 of NOI for every $1.00 of scheduled debt service. A partner may still decline the file because of occupancy, sponsor credit, property type or leverage. Use the DSCR calculator to change NOI and debt service; the ratio is not an approval.
Alternatives and when this is not a fit
DSCR calculator
Test whether a property's NOI covers the payment you are modelling.
SBA 504
A US program structure for eligible owner-occupied major fixed assets.
Equipment financing
When the need is machinery inside the building, not the building itself.
- Short-term operating cash with no property
- A property type the partner's credit box excludes
- A purchase that depends on unsourced down-payment funds
Canadian commercial mortgages are private-credit products. CSBFP can support eligible real-property purchases within ISED guidelines and the $1 million term-loan cap, subject to a participating lender.
Sources
- US Small Business Administration — 504 loans — as of 2026-08-28
- ISED — Canada Small Business Financing Program — as of 2026-07-09
Submitting the application form sends your details so we can introduce you to a financing partner. Partners may compensate us. We do not guarantee an offer.
Frequently Asked Questions
Have more questions? Visit our full FAQ page or contact us.
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Tell us about your business and financing needs. We may introduce your request to a third-party financing partner for review.