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
1-800-216-4762; if you are in Quebec, call
1-888-231-1261.

Key benefits

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

Information you need to know

This mortgage is available for:

Multi-unit residential (5 or more rental units)
Retail plazas, strip malls 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

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.

Mortgage Information

Mortgage Glossary