3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
lendsimpl arranges commercial mortgage financing for Toronto property owners and investors, multi-unit residential, retail, office, industrial, and mixed-use. We compare banks, credit unions, CMHC-approved lenders, and private commercial lenders to find the right structure for your property.
5.0 on Google#13763
FSRA Licensed
DSCR
Property-Income Underwriting
Ontario
Province-Wide Service
1
Point of Contact
Takes about 30 seconds · Free · No obligation
4.50% per year
4.50% per year
4.50% per year
5.50% per year
4.75% per year
6.50% per year
8.00% per year
Rates depend on property type, loan-to-value, debt service coverage ratio (DSCR), and lender. lendsimpl compares banks, credit unions, CMHC-approved lenders, and private commercial lenders to find the right fit for your Toronto property.
Commercial mortgages are underwritten differently than residential; we build your file around the numbers lenders actually look at.
Regulated Ontario mortgage brokerage serving Toronto and communities across the province.
We calculate your property's Debt Service Coverage Ratio and Net Operating Income before approaching lenders, so your Toronto application is submitted lender-ready.
Banks, credit unions, CMHC-approved lenders, B-lenders, and private commercial lenders; we identify which category fits your Toronto property.
One broker manages your file end-to-end, from initial numbers to closing, for Toronto commercial transactions.
5+ unit apartment buildings in Toronto, including CMHC-insured and CMHC MLI Select options.
Retail plazas, strip malls, and standalone retail properties in Toronto.
Office buildings and professional space in Toronto and surrounding areas.
Warehouses, industrial, and flex space financing in Toronto.
Retail-over-residential and combined commercial/residential buildings in Toronto.
Construction and land financing for Toronto development projects.
We review your Toronto property's income, expenses, and current financing to calculate NOI and DSCR.
We identify which lender categories, bank, credit union, CMHC, B-lender, or private, fit your property and timeline.
We submit your file, coordinate appraisal and any required reports, and manage lender conditions.
Once approved, we review the commitment terms with you before you sign, then coordinate to closing.
Commercial Mortgages in Toronto at a Glance
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 5 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 6 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 7 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 7 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Answers to the most common questions Toronto property owners and investors ask about commercial financing.
Have a question we didn't answer?
Our licensed broker team is happy to help.
A commercial mortgage covers income-producing or business-use property, including 5+ unit apartment buildings, retail, office, industrial, and mixed-use properties in Toronto. Buildings with 1 to 4 residential units are typically financed under residential rules instead.
Commercial lenders primarily assess Net Operating Income (NOI) and Debt Service Coverage Ratio (DSCR) for the property, along with the borrower's overall financial profile. Many lenders look for a DSCR in the 1.20x to 1.30x range, though requirements vary by lender and property type.
CMHC MLI Select is a points-based mortgage insurance program for 5+ unit residential properties, scored on affordability, energy efficiency, and accessibility. Higher-scoring projects can access higher loan-to-value and longer amortization. Whether it applies depends on your property's unit mix and score; we review this with you before applying.
Timelines vary by lender and program, conventional commercial financing typically takes several weeks, and CMHC-insured multi-unit financing usually takes longer due to insurance underwriting. We'll give you a timeline estimate specific to your file once we know the lender and program.
Yes. lendsimpl is an FSRA-licensed Ontario mortgage brokerage (Brokerage #13763), serving Toronto and communities across Ontario.
It depends on the deal. For many conventional commercial transactions, the lender pays broker compensation and there's no fee to you. For more complex, private, or specialized files, any brokerage fee is disclosed to you in writing before you proceed, as required by FSRA regulations.
Tell us about your Toronto property and financing goals. We'll walk through your numbers and outline realistic lender options.
Pick a time that works; we'll go over your property's numbers and financing options.
Hello: I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.
FSRA-licensed brokers serving commercial and multi-unit property owners across Ontario, remote, phone, or in person.