Commercial Mortgages

CFCL Commercial Services Group (CSG) originates, structures and arranges funding of mortgages for investment, commercial and industrial properties across Canada, with access to a large and diversified lender base. CSG's focus is on property types and loan sizes where we have an advantage through our expertise, funding sources and a proven track record of successfully completing transactions on a timely basis. The commercial funds are available from as low as $50,000 to as high as $50,000,000. While we are not limited to these categories, we are focussed on commercial term mortgages which require an innovative and/or customized approach to structuring, large commercial and residential construction loans in major Canadian urban markets, non-standard (sub-prime) commercial mortgages across Canada and standard residential construction loans in Canada's major urban markets:

CMHC Insured Mortgages
CSG works with borrowers for insured mortgages on a variety of housing types, including apartments, condominiums, townhouses, senior's long term care and assisted living facilities. We have an excellent working knowledge of CMHC's products and policies on new and existing multi-unit projects.

Conventional Mortgages
Whether it is an office building, retail centre, industrial/warehouse property, multi-unit residential development, seniors residence or a hotel, CSG can arrange financing for land or property acquisition, construction or re-finance. Let us customize a financing solution specifically for you!

Mezzanine Financing
CSG has access to secondary funding on construction projects to bridge the gap between conventional financing and standard equity requirements which can usually increase "loan to cost" financing up to 90% or beyond. This type of financing is generally more expensive than conventional loans and is available on certain specific property types.

Retail
CSG can arrange financing for big box outlets, shopping centres and strip plazas. Financing is available for both construction and take-out mortgages. Interim construction loans could be funded on a cost-to-complete basis in the area of 85% and take-outs are usually done at 70% of the completed value. Loan sizes for various markets in Canada will depend on the particular property and its existing lease profile as well as on local economics.

Senior
CSG has developed an expertise in financing senior's multi-unit residential facilities, including life leases, congregate care facilities and assisted living facilities. Both CMHC insured and conventional loans are available. Loan sizes will depend on characteristics of specific properties and their existing management and care giving agreements as well as on local economics and demographics.

Condominium
CMHC and conventional financing is available for acquisition, construction, end take-outs and re-finances. Each project is assessed independently based on local economics, occupancy levels for existing developments and on pre-sale levels for proposed developments.

Office
Ranging from high rise Class "A" space in the financial core of a major urban centre to low rise Class "B" and "C" space in suburban or secondary markets, CSG can arrange financing for virtually any kind of office development.

Industrial
CSG can arrange financing for multi-tenanted industrial sites, single user industrial/office space, owner occupied and for build-to-suit construction purposes. Financing is available for construction, acquisition or re-finance in most markets across the country. Loan amounts are generally up to 70% of value.

Hotel
CSG has provided financing for a broad range of hotel properties in major Canadian markets, resort areas and other selected locations. We have arranged financing for new construction, take-outs, purchases and refinances.