A CMHC (Canada Mortgage and Housing Corporation) Insured Mortgage is a mortgage loan that is insured by CMHC, a federal government agency in Canada. It allows homebuyers to purchase a home with a lower down payment (often as low as 5% of the purchase price).

CMHC mortgage insurance protects lenders in case the borrower defaults on the loan. This allows lenders to offer mortgages with lower down payment requirements and competitive interest rates.

A Commercial Mortgage is a loan secured by commercial property, such as office buildings, retail spaces, or industrial properties. It is used to finance the acquisition or refinancing of commercial real estate.

Commercial mortgages generally have higher interest rates and shorter terms than residential mortgages. Loan terms, interest rates, and repayment schedules can vary depending on the lender and the specific property.

A Construction Mortgage is a type of loan used to finance the construction or renovation of a property. Funds are typically released in stages as construction progresses.

With a Construction Mortgage, the lender disburses funds in stages (known as draws) as construction milestones are reached. Interest is charged only on the funds disbursed, and full repayment usually begins once construction is complete.

A Multi-unit Mortgage is a loan used to finance properties with multiple units, such as apartment buildings or multi-family homes.

Multi-unit properties often require higher down payments and have stricter lending criteria compared to single-family homes. Lenders may consider potential rental income when assessing loan eligibility.

An Industrial Mortgage is a loan secured by industrial property, such as warehouses, manufacturing facilities, or distribution centers.

Lenders assess factors such as the property’s location, condition, potential rental income, borrower’s financial strength, and the economic outlook for the industrial sector.

Mortgage financing can provide funds to purchase commercial real estate or finance the acquisition of an existing business, allowing you to leverage the property or business assets as collateral.

Required documents may include business financial statements, tax returns, business plans, purchase agreements, proof of down payment, and personal financial information of the borrower(s).