CIBC Commercial Choice Mortgage™

Now it's easier for you to apply for a mortgage for your commercial needs between $250,000 and $1 million. The CIBC Commercial Choice Mortgage can help you reduce the costs incurred in borrowing for a commercial mortgage, while simplifying the application process - saving you time and money.

Talk to a Business Development Manager at 1-866-216-4762; if you are in Quebec, call 1-888-231-1261.

Key benefits

Flexible	Choices include a 3-, 5-, 7- or 10-year term on a fixed-rate closed mortgage Variable rate mortgages have the option of a 3-, 5- or 7-year term
Competitive rates	Competitive interest rates on fixed- and variable-rate mortgages

Information you need to know

This mortgage is available for:

• Multi-residential units - 5 units and up
• Plazas, strip malls, retail and shopping centres
• Office buildings and medical centres
• Industrial buildings

This mortgage cannot be used for highly specialized real estate including:

• Hotels and motels
• Social clubs and banquet halls
• Schools and places of worship
• Recreational real estate
• Car washes and restaurants
• Properties that require stabilization (currently vacant or being retrofitted)

This mortgage is only available as a first mortgage.

The amount of financing available is based on the property's Lending Value and the Net Income available to service the debt.

Trademarks and Disclaimers

* This privilege is non cumulative (cannot be carried forward) on closed-term mortgages - and applicable on conventional mortgage loans only.

Products and their features and costs may change at any time. This is a general description only.

Mortgages are offered by CIBC Mortgages Inc.

Applicants and properties must meet lending criteria set out by CIBC Mortgages Inc.

Conditions and restrictions apply.

™ Trademark of CIBC.

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