commercial mortgage

Your business is growing, but a Term Loan doesn’t give you enough money. Our Commercial Mortgage might be the answer for you. You can borrow larger amounts by using your commercial property as security, and you can pay the money back over longer periods of time.

Who’s eligible?

Any income-producing business with commercial, industrial or multi-unit residential properties (four units or more).

Maximum Amounts

While we have a $1 million maximum, your Commercial Mortgage amount can be equivalent to up to 75% of your property’s value (based on our assessment).

Rates and Costs

We offer both variable and fixed rates, both of which are very competitive.

Terms & Amortization Period

We’re flexible. You can choose from 1 to 5 year terms. We offer extensive amortization periods of up to 25 years, depending on the type of property you have and its assessed value.

Northern reserves the right to determine any other information or criteria required in order to book this business (i.e. Environmental Assessments).