You Don’t Need a Bank to Find a Commercial Mortgage Lender

When it comes to finding a commercial mortgage lender in Canada, many business owners think that they need to go to a major bank. However, the “Big Five” in Canada are just a few of the options business owners have today; and we know about all the other commercial mortgage lenders – including the Big Five and beyond!


The Big Five banks in Canada, as many business owners already know, are Toronto Dominion; Royal Bank of Canada; Bank of Montreal; Scotiabank; and CIBC. While these Canada commercial mortgage lenders have become much more competitive with each other over the past two decades, it’s still very tough for business owners to obtain a commercial mortgage from these lenders. And if you are approved for a commercial mortgage with these lenders, you should never assume this is the best deal you can get, simply based on the fact that they are a major lender. That being said, you should never assume that you won’t get a good deal simply because they’re a major bank. We work with the major commercial mortgage lenders too and if you want to stay with one bank, we’ll get you the best mortgage they offer.


There are other banks though, besides just the major ones that offer commercial mortgages. Second-tier national banks, such as the National Bank of Canada, HSBC Bank of Canada, and ING Bank of Canada, that can all be great commercial mortgage lenders. Because these lenders are battling the other majors, they can often offer much better deals than many of the major lenders, although of course, you should never assume that this will be the case.


Regional banks, those that are neither major nor second-tier, can also offer commercial mortgage lending although, going with a regional bank has its own tricks to it. Because they are regional banks, they may not always serve all of Canada, which could be a problem if you’re planning on moving your business at some point. At CMI Capital, we know which of these banks offer commercial mortgage lending, and where they have these offers. Work with us and gain that knowledge too, and you’ll get one of the best commercial mortgages in Canada.


Credit unions can also be a great source for commercial mortgage lending, as historically they have had some of the best and quickest access to commercial mortgages. However, they do sometimes come with the condition that you need to be a member of the credit union for a period of time before you can sign on for a commercial mortgage with them. At CMI Capital, we know all the different conditions these credit unions carry and if this is a route you’re interested in taking, we’ll be able to find the one that’s most convenient for you.


While these are some of the major commercial mortgage lenders in Canada, we at CMI know about many more specialty commercial mortgage lenders that can get you the best commercial mortgage deal when you’re looking to expand or build your business. There’s no longer any reason to sort through the massive pile of Canadian commercial mortgage lenders in the country. We’ll work with you, and do the legwork for you, so that you can save your time for your business.