What is Commercial Mortgage Insurance?
Canada Mortgage and Housing Corporation (CMHC) is Canada’s provider of mortgage loan insurance for the construction, purchase, and refinancing of multi-unit commercial real estate properties, including rental buildings, licensed care facilities and retirement homes.
CMHC Mortgage Loan Insurance enables approved lenders to help borrowers purchase multi-unit properties with a minimum of 15% down. Borrowers can also access competitive interest rates for the life of the mortgage and enjoy reduced renewal risk. A CMHC mortgage provides a number of flexible financing terms available including extended amortization periods and fixed and floating interest rates and is available for first and second mortgage products.
A Commercial Mortgage is more complex than a residential mortgage however, we have access to a network of commercial lenders to meet your needs.