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Canada Ontario Mortgage Company Offers Commercial Mortgages Available to Retail, Industrial and Commercial Businesses
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Commercial Mortgage Application
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Commercial Properties for Sale / Lease require Commercial Mortgages

Small Loans Program

COMMERCIAL MORTGAGES

Small Loans Program is ideal for clients seeking up to $3 million in conventional commercial mortgage financing for up to 75% of the property value.  Funds can be used for acquisitions, refinances, equity take-outs or capital improvements.  Ideal property types include: multi-family, storefront, mixed use, retail, industrial and office.

Loan proposals are typically provided within 48 hours, with timely closings and quick funding.

Small Loan Program

Our Experts

Our Small Loans experts have worked with thousands of clients to understand their needs.  We will guide you through the commercial mortgage process and develop a customized proposal detailing your loan strategy, preferred terms, best rate solution and optimum financing recommendation.

QUICK FACTS - Commercial Small Loans Property Lending Program

Loan Parameters
Loan Sizes
$200,000 - $3,000,000
Property Types Apartment, storefront, retail, industrial and office
Lending Areas Locations with a population over 25,000
Loan Purposes Acquisitions, refinance existing debt, capital improvements, equity takeouts
Loan Types Conventional first mortgages only
General Criteria
Apt Storefront Retail Ind Office
Max. LTV 65% 65% 65% 65% 60%
Min. Equity Req’d 15% 15% 15% 15% 15%
Min. DCR 1.25 1.25 1.25 1.35 1.35
Max. Amort. (Yrs.) 25 20 20 20 20
Reports Required Appraisal and Phase I Environmental Report or Environmental Questionnaire (on exception)
Lender Fees Depending on the Property Type
Broker Compensation Can be included in the mortgage commitment
Interest Rates Fixed and Floating
Available Terms Floating and 1 - 5 years
Available Amortization Up to 25 years (varies by product type)
Personal Guarantees Full guarantees are required with a minimum beacon score of 680.  Applications with beacon scores lower than 680 considered on an exception basis
Typical Information
 Required to Obtain
 Detailed Loan
 Proposal
  • Loan Amount Required and Purpose
  • Rent Roll / Leases
  • Project Operating Statements
  • Ownership Details
  • Pictures / Property Description
  • Details of Registered Debt or Purchase and Sale Agreement
Escrows Tax escrows are required
Personal Guarantees Full guarantees are required with a minimum beacon score of 680.  Applications with beacon scores lower than 680 considered on an exception basis