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Commercial Mortgage

What   Offers our business members with a secured borrowing option for their business property
Who   Business Members
Period   Up to 25 years
Borrowing Limit   Up to C$2,000,000*

Overview
This product offers our business members financing options with property acquisitions, refinancing or property development.

 

Features and Qualifications
This secured financing solution with a straightforward process, assists our business members in achieving their financial asset needs. With an easy, honest appraisal procedure, our business members can access up to 75% of the property value.
This product is available to business property owners and future owners who are eligible with regards to the lending criteria, guidelines, terms and conditions and fees.

 

Details
Payment schedules are set up at product registration. Prepayment options depend on agreed terms and conditions. Penalties are applicable for prepayments outside agreed terms and conditions at the member’s expense.

*Credit scores play a role in eligibility, terms and limits in borrowing.

Fixed Rate

Interest rate on your borrowings does not change over the life of the loan.

Variable Rate

Interest rate on your borrowings may change during the life of the loan, fluctuations depend on the prime rate. This means scheduled payment values may go up or down.