For Brokers

Send us a file and get a straight answer.

The lowest commitment way to work with us. Send a commercial file, get a senior commercial broker's read on it, and decide what to do next. It is not a referral and it commits you to nothing.

Most brokers use this the first time a commercial deal lands on their desk and they are not sure whether to spend a month on it.

Send us a file Broker program

Halftone illustration of a commercial building

What you get back

A plain answer on four things, in writing, so you can pass the substance to your client without translating it.

Is it fundable.

Yes, no, or yes with conditions, and what those conditions are in practice.

Roughly where it prices.

An indicative range for the execution that fits, with the drivers that would move it.

What is missing.

The gaps in the package that would stall the file the moment a credit team opened it.

Which lender type fits.

Conventional, credit union, insured or private, and why that lane rather than the others.

What to send for a review

Four things are enough for a first read. If you have more, send it, but do not wait to assemble a full package before asking.

The property.

Address, property type and a short description of the asset and its condition.

The income.

Rent roll or operating statements for an income property. For owner occupied, the business financials.

The ask.

Purchase price and deposit, or the current mortgage and what the borrower wants to do with it.

The timeline.

Subject removal, closing date, or maturity date. Speed changes which lenders are realistic.

The turnaround

Same day on a basic file. We do not sit on files, because the value of this to you is speed. If we need more before we can give you a real answer, we tell you exactly what and why rather than sending a holding reply.

What it costs

Nothing. There is no fee for a read. If the file moves forward as a referral or a co broker file, the fee arrangement and the non solicitation commitment are agreed in writing before any work begins, paid on funding, and disclosed to the borrower as BCFSA requires.

The honest part

Some files do not work. Special purpose assets with no lender appetite, income that does not cover the debt at current rates, borrowers whose structure or credit will not clear, deals below the size where a commercial file makes economic sense for the borrower.

When that is the answer you get it quickly and with the reason. Telling a broker a deal is fundable when it is not costs them a client. A fast no does not.

FAQ

Deal review questions we hear most.

No. It is not a referral and it is not an agreement. You get an opinion on the file. If you then want to refer it or co broker it, terms are agreed in writing before any work begins. If you want to take the read and place it yourself, that is fine too.

Same day on a basic file, meaning property type, location, rough numbers and timeline. Complex files, construction, special purpose assets or messy corporate structures, take longer because the answer depends on details we will ask for.

Nothing. There is no fee for a read on a file. Fees only exist on files we are engaged to place, agreed in writing before work begins, paid on funding and disclosed to the borrower as BCFSA requires.

We say so and tell you why, and where the file would have to change to become fundable. A fast no protects your client relationship better than a slow maybe, and it stops you spending three weeks on something that was never going to close.

Keep reading

Before you send it

Submission guideThe minimum we need to size a deal, and what slows a file down.What we placeAsset classes and deal sizes we work on, and what we send elsewhere.Co broker the fileStay on the deal instead of handing it over.

Send the file. Get the read.

Two minutes on the form and a senior commercial broker comes back to you the same day. No cost and no commitment either way.

Send us a file Talk to a broker

Canadian Commercial Mortgages is a licensed mortgage brokerage operating in British Columbia. Fees are agreed in writing before any work begins, paid on funding, and disclosed to borrowers as required by the BC Financial Services Authority.