How to Qualify for a Commercial Mortgage in Ontario
Commercial lenders look at the property's income, your equity and your experience, not just credit. We review your numbers, tell you where you stand and compare 50+ lenders for your property.
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Where commercial rates start
CMHC Standard Multi-Unit
Up to 85% LTV
4.50% per year
- 5+ unit residential. CMHC insurance required.
- DSCR requirements depend on the program, unit count and loan purpose.
- Rate as of June 5, 2026.
Conventional Commercial
Up to 75% LTV
5.50% per year
- All commercial property types.
- DSCR requirements vary by lender.
- Rate as of June 5, 2026.
Private Commercial
Up to 70% LTV
8.00% per year
- Equity-based, so DSCR is less of a factor.
- Lender and broker fees may apply and are disclosed in writing before you commit.
- Rate as of June 5, 2026.
Rates & Approvals: All mortgage approvals are subject to lender conditions and underwriting review. Rates shown are for illustrative purposes only, subject to change without notice, and may vary depending on credit profile, income type, property type, and LTV. Not all applicants will qualify for the lowest advertised rates.
How commercial qualification works, step by step
DSCR and Eligibility Review
We review the property's income, expenses and your equity to estimate your DSCR and where you stand.
Documentation Package
We help you assemble the rent roll, operating statements, tax returns and property details lenders ask for.
Lender Matching
We compare bank, credit union, CMHC-insured, B-lender and private options for your property.
Application and Approval
We submit your file and manage lender questions through to the term sheet. Timelines depend on the lender, the property and your documents.
Closing and Renewal Plan
We coordinate closing and plan for your renewal or refinance at the end of the term.
Why Ontario Property Investors Choose lendsimpl
DSCR pre-analysis
We estimate your DSCR before you apply. See DSCR for commercial mortgages in Ontario. Explore commercial mortgages in Ontario.
50+ lender access
Banks, credit unions, trust companies, MICs, CMHC-insured and private lenders.
NOI documentation
We help organize income and expenses so a lender can underwrite your property.
Commercial rate comparison
We compare pricing across lenders. See commercial mortgage rates in Ontario.
Property-type guidance
Multi-unit, mixed-use, retail, industrial and office criteria differ, and we match your property to lenders that fit.
Equity and structure review
We look at loan to value, equity and structure before you apply.
Exit planning
A plan for renewal, refinance or sale at the end of the term.
Licensed and regulated
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
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Lenders compared
Up to 95%
Max loan to value with CMHC MLI Select
30 minutes
Call with a licensed broker
Our Commitments
Honest assessment
We tell you where your file stands and what would strengthen it.
Fees in writing
Any fee that applies to your file is disclosed in writing before you commit.
Renewal outreach
We reach out before your renewal so you can compare options.
Plain English
Every term and number explained.
Your Protection
Licensed and regulated by FSRA (Brokerage #13763).
Costs are shown in writing before you commit.
Take the time you need to decide.
Handled under our privacy policy.
Ontario Investors Who Got Their Commercial Approval
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 · 6 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 · 7 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 · 8 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 · 8 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
Run the numbers yourself first.
Commercial Mortgage Ontario FAQs
Answers to common questions about qualifying for a commercial mortgage in Ontario, from a licensed mortgage brokerage (#13763).
Have a question we didn't answer?
Our licensed broker team is happy to help.
DSCR is a property's net operating income divided by its annual mortgage payments. Lenders set their own minimums, and they vary by lender, property type and program. For CMHC-insured multi-unit financing, minimums also depend on the number of units and the loan purpose. We estimate yours before you apply. See DSCR for commercial mortgages in Ontario and the DSCR calculator.
Conventional commercial mortgages generally lend up to 75% of the property's value, so you would need at least 25% down. CMHC-insured multi-unit financing can go higher, up to 85% loan to value on standard programs and up to 95% for MLI Select files that earn enough points. Private lenders set their own limits. The requirement depends on the property type, income and lender. See CMHC MLI Select.
NOI (net operating income) is a property's annual income minus operating expenses such as property taxes, insurance, maintenance and management, before mortgage payments. Lenders divide NOI by annual debt service to get DSCR, so a stronger NOI generally helps you qualify.
Often, yes. Commercial lenders look mainly at the property's income, and also at your experience, net worth and credit. We show you which documents help and compare lenders that fit your situation.
Timelines vary by lender, property and how complete your documents are. CMHC-insured files generally take longer than conventional ones, and private lenders can move faster. We confirm timing at your assessment.
Multi-unit residential (5 or more units), mixed-use, retail, industrial, office, storage, hospitality and land can all be financed, depending on the lender. Criteria differ by asset class, so we compare lenders for your property.
Commercial mortgages are priced separately from residential mortgages and depend on property type, income, loan to value and lender. CMHC-insured multi-unit pricing can be lower than conventional commercial pricing. See the rate cards above and commercial mortgage rates in Ontario.
Yes, many lenders finance mixed-use buildings. Underwriting blends the commercial and residential income, and some lenders favour buildings where more of the space is residential. We compare lenders for your property.
Still have questions?
Talk to a licensed broker.
lendsimpl connects Ontario commercial property investors and business owners with 50+ lenders across the GTA, Hamilton, Ottawa, London, and beyond.
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Important Disclosures
Rates & Approvals
All mortgage approvals are subject to lender conditions and underwriting review. Rates shown are for illustrative purposes only, subject to change without notice, and may vary depending on credit profile, income type, property type, and LTV. Not all applicants will qualify for the lowest advertised rates.
FSRA Licensed Brokerage
lendsimpl is a licensed mortgage brokerage (FSRA #13763), operating under the Mortgage Architects network. All lending is subject to applicable provincial regulations and industry guidelines.
Rates are illustrative and current as of June 5, 2026. They may change and depend on credit profile, income, property type and LTV.
Know Your DSCR.
A 30-minute call gives you a DSCR pre-analysis, lender match and file structuring plan, with no pressure.
Commercial Mortgage
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