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From purchasing commercial property to financing expansion, Mortgagefy connects business owners with lenders who understand how you operate — traditional and alternative income accepted.
Takes 30 seconds. No credit check required.
Whether you are purchasing an income property, a mixed-use building, or need to finance your business premises, commercial mortgage financing in Ontario requires a specialist. Commercial deals have more complexity than residential mortgages — higher down payments, DSCR requirements, and lender-specific underwriting — but the right broker makes all the difference. Mortgagefy works with a curated network of commercial lenders to secure fast, competitive financing for your commercial real estate.
Commercial lenders underwrite based on the property’s Debt Service Coverage Ratio (DSCR) — the net operating income divided by the annual debt service. Most lenders require a DSCR of 1.20 or higher, meaning the property generates 20% more income than its mortgage payment. Down payments typically range from 20–35% depending on the property type and lender. We work with both institutional and private commercial lenders to find the right fit.
Commercial mortgage terms, rates, and conditions vary dramatically between lenders. A broker with commercial experience can identify the lenders most likely to approve your specific property type, negotiate terms, and manage the due diligence process. Mortgagefy has arranged commercial financing across Ontario and works with lenders who specialize in scenarios banks routinely decline — including properties with vacancy issues, mixed zoning, or borrowers with non-traditional income.
What are typical commercial mortgage rates in Ontario?Commercial mortgage rates currently range from approximately 5.5% to 9% depending on property type, LTV, DSCR, and lender. Private commercial bridge financing can be higher for short-term situations.
How long does commercial mortgage approval take?Institutional approvals typically take 2–4 weeks with full documentation. Private and bridge commercial financing can close in as little as 5–10 business days.
Licensed professionals. Response within 2 hours.
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Tell us about your situation. We review your needs, goals, and financial picture — quick and confidential.
We compare rates and terms from our network of banks, credit unions, B-lenders, and private lenders to find your best match.
Once you choose your best option, we handle the paperwork and guide you through to funding — fast and stress-free.
Fully licensed and regulated in Ontario. Your interests are legally protected.
Clear terms, honest guidance, and a dedicated agent working to get you the best deal.
Pre-approvals in 24 hours. Private lender funding in as little as 48 hours when time is critical.
We shop your application across banks, credit unions, B-lenders, and private lenders Canada-wide.
Get a personalized rate quote in under 60 seconds. No hard credit check required.
Fully licensed, operating under 8Twelve Mortgage Corporation (Lic#13072).
Access to Canada's largest network of banks, credit unions, B-lenders, and private lenders.
Get a response within 2 business hours. Many approvals within 24-48 hours.
Expert guidance with zero pressure. We work for you, not the banks.
A licensed mortgage agent will personally review your situation and call you back within 2 hours. No pressure, just expert guidance.
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Mortgage services provided by 8Twelve Mortgage Corporation, licensed mortgage brokerage (Lic#13072).
Have questions about your mortgage options? Book a quick call with a licensed agent — no pressure, no obligation.
