Commercial Mortgage

Why businesses choose Mii Broker

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Broad Property Coverage – Conventional, CMHC‑insured multi‑res (5 + units), owner‑occupied buildings, ground‑up construction, and land with development potential.

 

Competitive Leverage – Up to 75 % LTV on stabilized assets (as high as 85 % with CMHC); construction loans sized to 70 % of hard costs.

 

Cash‑Flow‑First Underwriting – We model Debt‑Service‑Coverage Ratios (DSCR) to meet lender and OSFI B‑20 guidelines:

1.20× or higher for multi‑residential

1.30×+ for industrial/retail/office

 

Flexible Amortization & Terms – 5‑ to 25‑year amortizations, fixed or floating rates, interest‑only bridges, and assumable Mortgage for easier exit.

 

Environmental & Appraisal Support – We coordinate Phases I/II ESA, AACI appraisals, and building‑condition reports—reducing surprises and turnaround time.

 

CMHC Advantage – For qualifying rental buildings (5 + units), tap insured financing with 10‑year terms, amortizations up to 40 years, and sharply lower rates.

 

Typical Closing Costs in Ontario

Cost Item                               Estimate
Appraisal (AACI)                   $3k–$6k
Environmental Phase I         $2k–$4k
Lender Commitment Fee    0.5 %–1.5 % of loan
Legal & Title                           $5k–$15k

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Quick Tip: An up‑to‑date rent roll and trailing‑12 financials can shave weeks off lender approval—have them ready before you apply.