CIBC Commercial Choice Mortgage™

Now it's easier to apply for a commercial needs mortgage worth between $500,000 and $2 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.

Interested in a Commercial Choice Mortgage?

Talk to a Business Development Manager at 1-800-216-4762; if you are in Quebec, call 1-866-680-0548.

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-, 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.