Commercial Mortgages

CIBC offers competitive interest rates for commercial mortgage financing between $1 million and $40 million. Our dedicated Business Development Managers (BDMs) have extensive industry experience, and are located in major urban centres throughout Canada to ensure that they have first-hand knowledge of local market conditions.

Key Benefits

Experience

  • Our staff has the knowledge of local market conditions and experience to help you make informed decisions about your commercial mortgage

Flexible

  • Choices include, but are not limited to, a 3, 5, 7, or 10 year term on a fixed-rate closed or variable rate mortgage

Competitive rates

  • We offer competitive interest rates on fixed and variable-rate mortgages

CIBC can help with your company's real estate financing needs if:

  • Your company requires financing for new development, mergers or acquisitions, restructuring, and/or private placement
  • Your company currently owns or leases its facilities
  • Your company has specialized facilities and/or location requirements
  • Your current facility/structure cannot accommodate future growth

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 is not available 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.

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