Brokerage #13763
lendsimpl arranges commercial mortgages for retail, industrial, multi-family, and mixed-use properties across Ontario. Institutional financing from $500K and private financing from $250K, depending on the lender and the property.
5.0 on GoogleWhere are you at right now?
No obligation
Up to 75% LTV
5.50% per year
Up to 95% LTV
4.50% per year
Up to 85% LTV
4.50% per year
Rates & approvals: Rates shown are indicative as of September 25, 2026. Contact lendsimpl for a personalized quote. FSRA Brokerage #13763.
We review your property, financials, and loan request. Once we have your details, we map your deal to suitable institutional or private lenders.
We compile a professional deal summary, property financials, and rent rolls for lender submission. A clear package makes it easier for lenders to assess your file.
We submit to multiple lenders at the same time and compare term sheets on rate, LTV, amortization and prepayment options.
Lender orders appraisal, environmental, and legal review. We coordinate with the third parties involved and keep you updated on timing.
Your lawyer handles registration and fund flow. lendsimpl remains your point of contact post-close for renewals and future financing.
5.0 on Google
Verified reviews
Bank to private
Lender types compared
Up to 95%
MLI Select max LTV
Ontario-wide
Commercial financing
FSRA Licensed
Ontario-wide
A commercial mortgage finances the purchase, refinance or construction of income-producing or business-use real estate. Lenders mainly look at the property's net operating income (NOI), debt service coverage ratio (DSCR) and loan-to-value (LTV). Terms are commonly 1 to 10 years, and amortizations are typically 25 to 30 years, longer on some CMHC-insured multi-unit files.
You'll be talking to
Tissa RatnayakeLicensed Mortgage Broker
Anne XavierLicensed Mortgage BrokerNot a call centre, real people, individually FSRA-licensed.
lendsimpl is licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
Any fee that applies to your file is disclosed in writing before you commit.
Your information is handled under our privacy policy and shared with the lenders relevant to your file.
One broker manages your file from first numbers to closing.
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 6 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 7 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 8 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 8 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
| Commercial | Residential | |
|---|---|---|
| Qualification | Property income (NOI, DSCR) and borrower strength | Personal income and credit |
| Property size | 5+ residential units, or non-residential use | 1 to 4 residential units |
| Down payment or equity | Set by the lender type and program | Set by the program and the property |
| Maximum LTV | Generally up to 75% on conventional files, higher with CMHC insurance programs | Depends on purchase price and insurance |
| Term | Commonly 1 to 10 years | Commonly 1 to 5 years |
| Appraisal and reports | Commercial appraisal, plus other reports where required | Residential appraisal where required |
Looking for residential options?
| Factor | Details |
|---|---|
| Loan size | Institutional lenders from $500K, private lenders from $250K |
| Lender types | Banks, credit unions, CMHC-approved, alternative and private commercial lenders |
| Qualification focus | NOI and DSCR, with the lender setting its own requirements |
| Timeline | Depends on the lender type, the property and how complete the file is |
| Rates | See the current rate cards on this page and on our commercial mortgage rates page |
Institutional and private financing for the main commercial property types in Ontario.
Up to 75% LTV, depending on the asset and lender
Strip plazas, storefronts, office buildings and mixed residential-commercial buildings. Financing based on tenancy and NOI.
Up to 75% LTV, depending on the asset and lender
Manufacturing, distribution and flex-industrial facilities.
Up to 75% LTV, higher with CMHC MLI
Apartment buildings and multiplex properties. Conventional financing goes up to 75% LTV. CMHC-insured options go up to 85% LTV (MLI Standard) and up to 95% LTV (MLI Select, points-based), subject to CMHC and lender approval.
Case by case
Acquisition, servicing and construction financing for development projects, plus hotels, care homes, self-storage, gas stations and other unique assets. Private and institutional options.
Commercial mortgage approvals are driven mainly by property income and value, not personal income alone. lendsimpl identifies lenders matched to your situation.
The property must generate positive cash flow after operating expenses. Lenders use NOI to calculate DSCR and determine loan eligibility.
Lenders set their own minimum, which varies by lender type and program. DSCR is the property's net operating income divided by its annual debt payments.
Commercial properties typically require 25% to 35% equity. CMHC-insured multi-family (5+ units) can need less, subject to CMHC and lender approval.
2 to 3 years of property financials, current rent rolls with lease terms and guarantor net worth statements. A Phase 1 environmental report is often required, and some private lenders may waive it.
Having these ready helps lenders assess your file sooner. Requirements vary by lender, property type and loan size, and private lenders often ask for less. Missing something? Start anyway. We will tell you which items matter most for your file.
Retail, industrial, multi-family, mixed-use and office financing across Ontario
lendsimpl is a commercial mortgage broker serving property owners and investors across Ontario. We arrange financing for retail, office, industrial, multi-family and mixed-use properties, and for land and construction projects.
Instead of sending your file to one lender, we compare lender types, from banks and credit unions to CMHC-approved, alternative and private commercial lenders, and explain the trade-offs of each before you choose.
One broker stays on your file from the first review of your numbers through lender submissions, conditions and closing. Our office is in Scarborough, and we work with clients throughout the province.
Answers about commercial property financing in Ontario.
Have a question we didn't answer?
Our licensed broker team is happy to help.
We arrange financing for retail, office, industrial and warehouse, multi-family buildings with 5 or more units, mixed-use, and land and special-purpose properties. Lender type and terms depend on the property, its income and how it is used.
It depends on the lender type, the property and the program. Conventional commercial financing generally goes up to 75% loan-to-value, so equity or a down payment covers the rest. CMHC-insured multi-unit programs can allow a higher loan-to-value. We confirm what applies to your file after reviewing your numbers.
In many cases, yes. Lenders look at the property's income, your equity, your credit and your experience or management plan. Some lender types weigh experience more than others, so we match your file to the right category.
Timelines depend on the property type, the lender type and how complete your file is. Conventional, CMHC-insured and private files follow different steps, and appraisals and other reports can add time. We outline a realistic timeline once we know which lender type fits.
Rates depend on the property type, loan-to-value, debt service coverage ratio, the lender type and the term. Current indicative rates are shown in the rate cards on this page and on our commercial mortgage rates page.
A cap rate is a property's net operating income divided by its value or purchase price, and shows the property's return before financing. DSCR is net operating income divided by the annual mortgage payments, and shows whether the property's income covers the loan. Lenders look at both.
Yes. We arrange refinances for income-producing and business-use properties, including to access equity or move from one lender type to another. Whether it works depends on the property's income and value and on your existing loan's terms, including any prepayment charge.
Any fee that applies to your file is disclosed in writing before you commit. On private commercial files, lender fees and broker fees, where they apply, are disclosed in writing before you commit.
Still have questions?
Talk to a licensed broker.
Commercial mortgages across Ontario, from major cities to secondary markets.
Looking for a specific city? Choose yours for local details on commercial financing in Ontario.
Important
Rates & approvals
Rates shown are indicative as of September 25, 2026. Contact lendsimpl for a personalized quote. FSRA Brokerage #13763.
Brokerage disclosure
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) serving Ontario. Rates, lender terms and approval timelines vary by borrower profile and lender. All applicable fees are disclosed in writing before you proceed, as required by FSRA regulations.
Submit your deal details for a lender assessment. lendsimpl's commercial brokers compare lender types to find the ones that fit your deal.
Hello: I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.
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lendsimpl is a Financial Services Regulatory Authority of Ontario (FSRA) licensed mortgage brokerage, Brokerage #13763. Nothing on this page is a mortgage offer, a rate quote or legal advice. Mortgage pricing varies by credit profile, down payment or equity, income type, property type, loan-to-value, term and lender, changes frequently, and is subject to lender approval and underwriting conditions, not every applicant qualifies for the rates shown. All applicable fees are disclosed in writing before you proceed. OAC. E&OE.
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