Obtaining a commercial mortgage for small businesses is a difficult process as well, but for medium and large sized businesses normally a much easier and better experience.

WeCandFinancial.ca specializes in commercial mortgages and business loans; very often we combine both products on closing achieving overall company leverage that is much higher than conventional leverage available from the street banks.

Typical requirements for commercial mortgages are the following:
1) 30%-35% down payment from company’s or its owner resources
2) Appraisal report confirming the value of the property leveraged
3) 2 year financial statements for the business
4) Environmental report confirming that property is not contaminated

WeCanFinancial.ca and our associates acted and placed 100’s of commercial mortgages. When it comes to putting together due diligence package for a commercial mortgage transaction, knowing the market and requirements from different lenders. Our knowledgeable associates know how to stabilize the existing financial statements, taking out expenses that are going to be saved up by a new commercial property acquisition, in order to add to debt service ability of the company.

Working with appraisers, and properly selecting appraisal firm for commercial appraisal is also very important. Some appraisal firms could not be used for commercial appraisals, due to very selective nature of the lenders. Therefore its out most important to order appraisal reports from proper firms, that will be accepted by the list of lenders that are looking to finance the commercial mortgage.

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Commercial mortgage for industrial and commercial asset types

• Min loan amount $500k+, as high as $40Million
• Beacon score of 500 and up
• Min 20% down for non-owner occupied
• Min 15% down for owner occupied
• Personal residence ownership
• Ability to show debt service capability at 5% interest and 20 year amortization through personal and corporate income
• Interest rate range: 4.0%-5.0%
• Amortization: 20-25 years
• Yearly reporting requirements: Notice to reader financial statements

Commercial mortgage for multi residential asset types

• Min loan amount $1Million, as high as $40Million
• Beacon score of 500 and up
• Min 15% down (if cmhc qualified deal)
• Personal residence ownership
• Ability to show debt service capability at 4% interest and 20 year amortization through personal and corporate income
• Interest rate range: 2.5%-4.0%
• Amortization: 20-25 years
• Yearly reporting requirements: Notice to reader financial statements

Private commercial mortgage for industrial and commercial asset types

• Min loan amount $500k, as high as $40Million
• Beacon score of 500 and up
• Min 25% down (submit custom request for more accurate quote)
• Personal residence ownership
• Ability to show debt service capability at 7% interest only through personal and corporate income
• Interest rate range: 6.99%-8.50%
• Amortization: none, interest only
• Yearly reporting requirements: none

Private commercial mortgage for development land as a collateral

• Min loan amount $500k, as high as $100Million
• Beacon score of 500 and up
• Min 25% down (submit custom request for more accurate quote)
• Personal residence ownership
• Ability to show debt service capability at 8% interest only through personal and corporate income
• Interest rate range: 7.99%-8.99%
• Amortization: none, interest only
• Yearly reporting requirements: none

Corporate debt financing for medium and large sized corporations

• Minimum Loan Amount of $500k
• Min 4 years in business
• Minimum revenue of 1.8 x loan amount requested
• Accountant prepared financial statements up front
• No past bankruptcies for the board members and major shareholders
• Professional business plan, break even analysis, real life performance examples on previous case studies (this is provided by WCF )
• Use of proceeds, and financial modeling for next 24 months on month by month basis and yearly consolidated basis (supplied by WCF)
• Economic justification of the debenture (modeled by WCF)
• Ability to show debt service with 7% interest through historic corporate income
• Interest rate range: 6.00%-8.00%
• Amortization: 5 years or interest only
• Yearly reporting requirements: notice to reader or review engagement financial statements

Corporate equity financing for medium and large sized corporations

• Reverse Merger on stock exchange, private share placements, IPO
• Minimum revenue of the issuer of $5Million and up, better $10Million and up
• Min 4 years in business
• Strong revenue base and balance sheet
• Ability to demonstrate quick operations scaling and revenue growth historically and past equity injection
• Ability to demonstrate know how, and unique positions on the market for the business
• Accountant prepared financial statements up front
• No past bankruptcies for the board members and major shareholders
• Professional business plan, break even analysis, real life performance examples on previous case studies (this is provided by WCF )
• Use of proceeds, and financial modeling for next 24 months on month by month basis and yearly consolidated basis (supplied by WCF)
• Economic justification of equity injections, and stock exchange listing
• Preparation and completion of audited financial statements
• Yearly reporting requirements: review engagement or audited financial statements

Restaurant and hospitality segment cash flow financing

• Only for well-established franchises (if non franchise deal please submit custom request)
• Minimum Loan Amount of $250k, up to $750k per location
• Beacon score 700 +
• Min 2 years in business (if start up please submit custom request)
• Minimum revenue of 1.5 x Loan Amount Requested
• Accountant prepared financial statements up front
• Home ownership, or proof of solid investments such as GIC or mature stock portfolio
• No past bankruptcies
• Professional business plan, break even analysis, real life performance examples on previous case studies (this is provided by WCF )
• Ability to show debt service with 7% interest and 5 years of amortization on the loan through personal and corporate income
• Interest rate range: 6.5%-9.0%
• Amortization: 5 years
• Yearly reporting requirements: Notice to reader financial statements

Restaurant and hospitality segment equipment and lease hold improvement financing

• Only for well-established franchises (if non franchise deal please submit custom request)
• Minimum Loan Amount of $250k, up to $750k per location
• Beacon score 700 +
• Min 2 years in business (if start up please submit custom request)
• Minimum revenue of 1.5 x Loan Amount Requested
• Accountant prepared financial statements up front
• Home ownership, or proof of solid investments such as GIC or mature stock portfolio
• No past bankruptcies
• Professional business plan, break even analysis, real life performance examples on previous case studies (this is provided by WCF )
• Quotes for required equipment
• Quotes for required contractor services
• Ability to show debt service with 7% interest and 5 years of amortization on the loan through personal and corporate income
• Interest rate range: 6.5%-9.0%
• Amortization: 5 years
• Yearly reporting requirements: Notice to reader financial statements

WeCanFinancial.ca and our associates very often also place operating line on top of commercial mortgage placements. Normally if entrepreneurs require more leverage than 70% loan to value, additional 5% and sometimes even 10% of the leverage could be obtained by placing operating line on top of the mortgage. Normally we suggest most entrepreneurs to include financing abilities through operating lines or potential business term loans. Having such additional financing abilities, allows most business owners concentrate on revenue generation and growth rather than looking for financing and further funding of the operations.

Besides commercial mortgages, as usual we are advising our clients on small business loans, factoring, and inventory financing, please call us if you have any questions

647.560.1736