01Size the deal
BDC commercial mortgage rates and how to get a quote
Direct answer · BDC commercial mortgage rates
BDC does not publish a commercial mortgage rate or rate range. Its Commercial Real Estate Loan is priced per client: you submit a loan request online, a BDC representative calls to discuss the project, and if approved BDC sends a tailored offer. The only way to know your BDC rate is to request that offer and compare it with other quotes.
Request a BDC offer on bdc.caPublished by BDC · checked 2026-09-23
Eligibility checklist
- Business registered and active in Canada
- Typically 24+ months generating revenue
- Profitable, or a clear path to profitability
- Good credit track record (business and owners); BDC checks guarantors' and directors' credit
- Owners, CEO and shareholders at age of majority
- Purpose: buy, build, renovate or related real-estate costs
- Property usually serves as collateral; personal or corporate guarantee may be required
Documents BDC may request
- Company financial statements
- Purchase offer
- Phase I environmental report
- Assessment report (asset and/or structure value)
- List of leases, if applicable
- For the online request: business registry details, owner/director contacts, void business cheque, government photo ID
How to apply
- Submit a loan request online (a Client Space account is required; online requests are for amounts over $100,000).
- A BDC representative calls to discuss the project and the documents needed.
- If approved, BDC sends a loan offer tailored to your needs and capacity — this is where the rate appears.
Stated product features: interest-only for up to the first 36 months, amortization up to 25 years, and financing up to 100% of project cost depending on the project. Approval is not guaranteed.
Compare your quotes
Enter the terms from a BDC offer and from any other lender. Rates start blank on purpose — Capitalor does not know your rate. Nothing you type leaves your browser.
Capitalor illustrative scenario — not BDC terms
Everything below is Capitalor's own hypothetical model as of 2026-09-23. The spread, LTV, coverage and amortization are illustrative assumptions, not BDC's rate, pricing or lending criteria.
Capitalor facts
- Crown-lender debt for owner-operators buying their own premises.
- Illustrative structure: 75% LTV, 20-year amortization, 5-year term, 1.20x coverage floor.
- Scenario rate 6.60%: GoC 5-yr 3.60% (as of 2026-10-07) + 300 bps illustrative spread = 6.60%. Not a lender or program rate.
About these terms
BDC does not publish a universal rate for commercial real estate loans; pricing and terms are set borrower by borrower. The spread, leverage and amortization used here are illustrative only and are not BDC terms or an indication of a BDC offer.
Scenario rate
6.60%
Hypothetical
Illustrative LTV
75%
Coverage floor
1.20x
Term
5 yr
Capitalor scenario model · Page revised 2026-09-23 · Maintained by Capitalor Data Desk
Scope: BDC Small-Business Property Loan · tier 3 · 12 market guides
Inputs: GoC 5-yr 3.60% (as of 2026-10-07) + 300 bps illustrative spread = 6.60% · hypothetical $5,000,000 value, $300,000 NOI
02Stress the debt
DSCR calculator
Hypothetical BDC Small-Business Property Loan scenario — enter your own numbers
Annual debt service
$338,162
DSCR
0.89x
Below lender threshold
Max loan at 1.20x
$2,772,336
LTV calculator
Hypothetical BDC Small-Business Property Loan scenario — enter your own numbers
Current LTV
75.0%
Inside lender band
Max loan at cap
$3,750,000
Equity required
$1,250,000
04Choose city
BDC Small-Business Property Loan by market
Each market page runs the same hypothetical scenario with local census context. Capitalor does not publish verified local rates, lender counts or deal sizes.
| BDC Small-Business Property Loan in Toronto | ON | 1 | 2,794,356 |
| BDC Small-Business Property Loan in Montreal | QC | 1 | 1,762,949 |
| BDC Small-Business Property Loan in Calgary | AB | 1 | 1,306,784 |
| BDC Small-Business Property Loan in Ottawa | ON | 1 | 1,017,449 |
| BDC Small-Business Property Loan in Edmonton | AB | 1 | 1,010,899 |
| BDC Small-Business Property Loan in Winnipeg | MB | 1 | 749,607 |
| BDC Small-Business Property Loan in Mississauga | ON | 1 | 717,961 |
| BDC Small-Business Property Loan in Vancouver | BC | 1 | 662,248 |
| BDC Small-Business Property Loan in Brampton | ON | 1 | 656,480 |
| BDC Small-Business Property Loan in Hamilton | ON | 1 | 569,353 |
| BDC Small-Business Property Loan in Surrey | BC | 1 | 568,322 |
| BDC Small-Business Property Loan in Quebec City | QC | 1 | 549,459 |
ActQuestions
What rate does bdc small-business property loan carry today?
Capitalor does not publish a current lender rate. Its scenario uses GoC 5-yr 3.60% (as of 2026-10-07) + 300 bps illustrative spread = 6.60%. Get real quotes for your file.
What would bdc small-business property loan cost to service per $1M in the scenario?
$90,177 a year at the 6.60% scenario rate over 20 years. Servicing cost only — premiums, fees and prepayment terms sit outside it.
How much equity would the illustrative structure need?
At an illustrative 75% LTV the sponsor funds the remaining 25% plus closing costs. Actual maximum leverage is set by the lender or program.
Are these official terms?
BDC does not publish a universal rate for commercial real estate loans; pricing and terms are set borrower by borrower. The spread, leverage and amortization used here are illustrative only and are not BDC terms or an indication of a BDC offer.
Sources
- [1] Bank of Canada Valet API — GoC 5-year, last observation on file 2026-10-07
- [2] BDC — financing (primary issuer site) — BDC sets pricing per borrower
Not advice — Capitalor is a data publisher. We do not originate, broker, arrange, or place debt, and nothing here is an offer of credit, a quote, or financial advice. Figures are indicative benchmarks for comparison and must be confirmed with a licensed lender or mortgage professional before you rely on them. About Capitalor