Commercial refinance and equity take out that puts your equity back to work.
Every year a building holds value it isn't lending against, that equity sits idle. A refinance converts it into acquisition capital, renovation budget, or breathing room, without selling the asset.
The refinance market punishes autopilot. Renewing with the incumbent lender at their first offer is the single most expensive default in commercial real estate. We run the building against the whole market, banks, credit unions, insured programs and private capital, and let the incumbent compete for the file like everyone else.
Six reasons owners refinance with us.
Equity for the next acquisition.
Pull capital from a stabilized building to fund the down payment on the next one, without triggering a sale or capital gains.
Renewal repricing.
Your term is up and the incumbent's offer deserves competition. A market run takes weeks and routinely beats the first renewal letter.
Renovation and repositioning capital.
Fund suite turns, building systems or a repositioning plan against the value you have already built.
Partner buyout.
Restructure ownership by financing one partner's exit against the property rather than outside capital.
Consolidating expensive debt.
Roll higher cost secondary debt or operating facilities into one senior facility at commercial pricing.
Construction takeout.
Replace a construction or bridge facility with term financing once the building is complete and leased.
Four numbers set the cheque.
Appraised value.
Proceeds are set against today's appraised value, not your purchase price. A well supported appraisal package is worth real money here.
Leverage ceiling.
Conventional lenders typically go to 75% of value; CMHC insured multifamily can reach 85%, and MLI Select can go further still. Private capital trades a higher rate for speed and flexibility.
Debt service coverage.
The building's net operating income must carry the new payment, typically 1.20 to 1.35 times depending on lender and asset class, lower on insured programs.
How DSCR sets your loan amount →The cost of leaving.
Breaking an existing term can carry a prepayment penalty. We model the breakage cost against the gain before recommending anything, sometimes the right answer is waiting for renewal.
The insured refinance is the sleeper play.
For rental buildings of five or more units, an insured refinance changes the math entirely: leverage to 85% instead of 75%, longer amortizations, and pricing conventional terms cannot match. Structured under MLI Selectthe same refinance can reach higher leverage and up to 50 year amortization in exchange for affordability or energy commitments. If you own rental apartments and have not modelled the insured path, you are probably leaving proceeds on the table.
From statement to funding.
Value the building.
Current rent roll and operating statement against market, a first read on proceeds within days, before any appraisal cost.
Model the paths.
Conventional, insured and private, side by side, net of breakage costs and fees, the real number, not the headline rate.
Run the market.
The file goes to the lenders best matched to the asset, and your incumbent gets to compete rather than dictate.
Close.
Appraisal, environmental and legal coordinated through funding.
Refinance questions we hear most.
Where we finance this in British Columbia
Let's see what the building will give back.
Send us the rent roll, the operating statement and your current loan terms. We will tell you what proceeds are realistic and whether the timing works.