Commercial Loan
Buying commercial real estate is an important decision, potentially very profitable and often complex. With support from our experts and a loan adapted to your needs, we can help make your project a reality.
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Loan Amounts
Minimum: $1,000,000
Maximum: Depends on the deal, no set maximum. Attain Mortgage has funded $100M+ loan amounts, but most deals are between $4M-$20M.
Loan to Value
Conventional mortgages up to 75% of the asset’s value (based on prescribed capitalization rates).
Second mortgages are available up to 85%.
Conventional Mortgage Program
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1st & 2nd mortgages
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1-5 year terms
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Up to 25-year amortization
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Closed and open mortgages
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Up to 70% LTV on 1st mortgages
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Minimum DSCR requirements
Pricing
Pricing is very much deal-dependent, but typically 100-230 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 life insurance companies in terms of rates, but we also consider ourselves to be more flexible.
Target Properties
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Multi-unit residential 10+ units
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Student residences
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Industrial
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Office space
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Retail
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Mixed use
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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
Requirement
Property type and location
Business Financial Statements
Personal Net Worth Statement
Property Appraisal