This short-term financing option enables access to a property’s equity for improvements, renovations or repairs, eliminating the need to raise funds from personal sources. The goal is usually to increase rents and/or reduce operating expenses to drive up the value of the property and make it eligible for standard financing.

Connect with a financing expert

Edgar Kieser
Assistant Vice President, Commercial Financing

Alison Afaganis
Senior Analyst, Commercial Mortgages

Andrew Drexler
Assistant Vice President, Commercial Financing

Ilan Barda
Assistant Vice President, Commercial Financing

Jamie McCallum
Assistant Vice President, Commercial Financing

Tim Kennedy
Director, Commercial Financing

Reed Bracken
Business Development Manager, Commercial Financing

Lina Angelini
Senior Analyst, Commercial Mortgages

Paul Steckler
Assistant Vice President, Commercial Financing

Evan Pawliuk
Director, Commercial Financing

Henry Chung
Director, Commercial Financing

Veronique Clermont
Bilingual Analyst, Commercial Mortgages

Pierre Leroux
Assistant Vice President, Commercial Financing

Damir Jesic
Director, Commercial Financing

Russell B. Syme
Assistant Vice President, Commercial Financing

Daniel Bragagnolo
Director, Commercial Financing

Mitchell Tomulka
Assistant Vice President, Commercial Financing

Jonathan Philipps
Director, Commercial Financing

Scott Lynds
Assistant Vice President, Commercial Financing

Troy Barker
Assistant Vice President, Commercial Financing

Jody Comeau
Assistant Vice President, Commercial Financing

Dru McAuley
Assistant Vice President, Commercial Financing

Benoit Allaire
Director, Commercial Financing

Darryl Bellwood
Assistant Vice President, Commercial Financing

Adam Powadiuk
Director, Commercial Financing

Miyadh Mutahar
Analyst, Commercial Mortgages

Jim Foote
Assistant Vice President, Commercial Financing

Stefan Steele
Senior Analyst, Credit Adjudication

Yohan Kadoch
Director, Commercial Financing

Brian Kimmel
Assistant Vice President, Commercial Financing

Barry C. Gidney
Assistant Vice President, Commercial Financing

Abby McQuire
Director, Commercial Financing

Michele Cook
Director, Commercial Financing

Simon Verdy
Assistant Vice President, Commercial Financing

Peter Cook
Assistant Vice President, Commercial Financing

Robert Fleet
Assistant Vice President, Commercial Financing

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Financing resources

The one place to access the latest commercial insights and news. 

Recent financings

  • Published
    CMHC mortgage used in refinancing existing first mortgage
    $2 Million

    14 units – Chatsworth, Ontario

    • A new CMHC insured first mortgage
    • 5 years term and 30 years amortization
    • Loan to value ratio: 85%
  • Published
    Refinancing an existing mortgage with a new CMHC insured first mortgage
    $3 Million

    21 units – Oakbank, Manitoba

    • A newly constructed 3 storey multi-family residential building
    • Loan to value ratio: 85%
    • 5 years term and 40 years amortization

  • Published
    Providing equity and funds in the property
    $1 Million

    42 units – Abbotsford, British Columbia

    • A new CMHC insured second mortgage
    • 5 years term and 30 years amortization
    • Loan to value ratio: 72%

  • Published
    Providing equity and reinvesting funds in the property
    $2 Million

    61 units – Abbotsford, British Columbia

    • 5 years term with 30 years amortization
    • Loan to value ratio: 71.5%
    • CMHC insured loan

  • Published
    Refinancing an existing mortgage with outstanding debt
    $9 Million

    72 units – Guelph, Ontario

    • CMHC insured first mortgage to payout existing loan
    • Recapture capital expenditures already made into the property
    • Loan to value ratio: 75%
    • 5 years term and 30 years amortization 

  • Published
    Facilitating a purchase
    $7 Million

    53 units – Etobicoke, Ontario

    • Borrower plans for major repairs and renovations to the property to achieve projected market rents
    • 2 years term
    • Loan to value ratio: 67.6%

  • Published
    Obtaining funds for future investments
    $28 Million

    182 units – Edmonton, Alberta

    • Loan to value ratio: 74%
    • First mortgage – CMHC insured
    • 40 years amortization period

  • Published
    Purchasing share in a property
    $1 Million

    54 units – North Bay, Ontario

    • A CMHC second mortgage
    • Loan to value ratio: 63.6%
    • Purchasing the remaining 40% share of the subject property

  • Published
    Purchase of new construction property
    $3 Million

    18,039 Sq. Ft. – Terrebonne, Quebec

    • Loan to value ratio: 85%
    • First mortgage post construction loan
    • New construction property built in 2017

  • Published
    Refinancing debt on the property and new financings
    $3 Million

    26 units – Toronto, Ontario

    • 10 years term with 35 years amortizations
    • Loan to value ratio: 74.23%
    • Average rent per unit: $1,089
    • Borrower plans to upgrade all unrenovated units

  • Published
    CMHC insured mortgage to refinance existing mortgage
    $1 Million

    280 units – Toronto, Ontario

  • Published
    Refinancing an existing debt and providing funds for future acquisitions
    $6 Million

    50 units – Victoria, British Columbia

  • Published
    Providing funds to complete construction
    $4 Million

    22 units – Guelph, Ontario

  • Published
    Refinance of an already existing debt
    $11 Million

    64 Units – Montreal, Quebec

  • Published
    Financing the purchase of townhomes
    $5 Million

    51 units – Waterloo, Ontario

  • Published
    Refinancing an existing mortgage on the registered property
    $14 Million

    115 units – Kingston, Ontario

  • Published
    Refinancing an existing mortgage on the property
    $9 Million

    89 units – Kingston, Ontario

  • Published
    Financing the construction of two rental high-rise buildings
    $149 Million

    564 units – Toronto, Ontario

  • Published
    CMHC insured first mortgage assignment
    $5 Million

    100 units – Winnipeg, Manitoba

  • Published
    Finance three subject properties
    $2 Million

    7 units – Bedford, Nova Scotia

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