Leading Commercial Broker in Ottawa

Commercial Mortgages Ottawa

Commercial Mortgage Broker Ottawa Experts

Every business owner remembers that pivotal moment when your venture outgrows its current space, when you spot the perfect property for expansion, or when you realize it’s time to own rather than rent.

These aren’t just financial decisions; they’re milestones in your entrepreneurial journey.

At Bank Street Mortgage, we’ve spent over 15 years helping Ottawa business owners, investors, and entrepreneurs turn property goals into reality.

We understand that commercial mortgages represent more than financing, they’re investments in your business future, your legacy, and your financial independence.

Commercial Real Estate Financing Ottawa

Commercial property financing isn’t one-size-fits-all. Every property type, every business situation, and every investor profile tells a different story. Banks often say no to deals that make perfect sense, but we know where to find the “yes.”

As Ottawa’s leading commercial mortgage brokers, we connect you with lenders who understand your vision.

From traditional banks offering competitive rates to private lenders providing creative solutions, we negotiate terms that support your growth.

Property types we finance:

Office buildings – single or multi-tenant commercial spaces
Retail properties – strip malls, standalone stores, shopping centers
Industrial facilities – warehouses, manufacturing, distribution centers
Multi-family residential – apartment buildings, condos (5+ units)
Mixed-use properties – residential and commercial combined
Special purpose – hotels, gas stations, medical buildings

Best Commercial Mortgage Rates Ottawa

Getting the best commercial mortgage rates Ottawa isn’t about luck, it’s about strategic positioning. Lenders evaluate commercial real estate financing differently than residential mortgages, focusing on property cash flow, tenant stability, and your business track record.

How we secure better rates:

Multiple Lender Access: We work with 200+ lenders including major banks, credit unions, alternative lenders, and private investors. Competition drives better terms.

Deal Structuring: We present your proposal in the best possible light—highlighting strengths, addressing concerns proactively, and matching you with lenders who specialize in your property type.

Market Expertise: We know current commercial mortgage rates Ottawa, lending appetite by institution, and which lenders are actively seeking deals like yours.

The difference between a good rate and a great rate can mean thousands in monthly payments and tens of thousands over your mortgage term. That’s capital you can reinvest in your business.

Commercial Mortgage Lenders Ottawa

Not all commercial mortgage lenders are created equal. Some excel at office building financing, others prefer retail properties or industrial complexes. Some require pristine credit and 35% down, while others work with entrepreneurs who’ve faced challenges.

Our lender network includes:

Traditional Banks

Best rates for strong borrowers with established businesses and prime properties. Typically require 25-35% down payment.

Credit Unions

Competitive rates with more flexible underwriting. Often willing to consider local businesses and community-focused projects.

Alternative Lenders

Creative solutions for properties or borrowers that don't fit bank criteria. Higher rates but faster approvals and flexible terms.

Private Lenders

Asset-based lending focused on property value rather than borrower credit. Ideal for time-sensitive deals or challenging situations.

We know which lenders say yes to multi-family mortgage Ottawa deals, who provides the fastest commercial mortgage approval, and which institutions offer the most favorable terms for your specific situation.

FAQ's about Second Mortgages Ottawa

1. What is a second mortgage and how does it work?

A second mortgage is a loan secured against your property in addition to your primary mortgage. It allows you to borrow against your home equity without refinancing your first mortgage. Private second mortgages typically have 1-year terms with interest-only payments and faster approval than traditional bank loans.

2. How much can I borrow with a second mortgage in Ottawa?

The amount depends on your home equity and loan-to-value ratio. Most private lenders Ottawa will lend up to 80-85% of your property value when combined with your first mortgage. For example, if your home is worth $500,000 and you owe $300,000, you could potentially borrow up to $125,000.

3. What are second mortgage rates in Ottawa?

Second mortgage rates Ottawa vary based on loan-to-value ratio, property type, and borrower circumstances. Private rates typically range from 8-15% annually. While higher than first mortgages, they’re often more affordable than carrying high-interest credit card debt or facing foreclosure.

4. Can I get a second mortgage with bad credit?

Yes. Private mortgage lenders focus on your home equity rather than credit scores. If you have sufficient equity in your Ottawa property, you can qualify for a bad credit second mortgage through alternative lenders who understand that credit challenges don’t define your ability to leverage home equity.

5. How fast can I get approved for a second mortgage?

Private second mortgages can be approved within 24-48 hours and funded within 3-5 business days. This is significantly faster than bank mortgages, which typically take 2-4 weeks. When you need emergency funds or face time-sensitive situations, private lenders provide the speed you need.