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Commercial financing in Sept-Iles, QC
Capitalor facts
- Sept-Iles scores 100 on the Capitalor Lender Density Score — 79 of 134 Canadian markets tracked.
- The cap-rate seed for Sept-Iles is 8.2%, anchoring value on income.
- The average tracked commercial transaction in Sept-Iles is $1,000,000.
Tier
3
Lenders
2
Baseline seed
Density score
100
Rank 79 of 134
Avg deal size
$1,000,000
Baseline seed
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Cap rate 8.2% (baseline seed).
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Sept-Iles, QC · tier 3 · 4 products published
Inputs: 2 lenders · 700 buildings · 8.2% cap seed · $1,000,000 avg deal
Next scheduled review: 2026-09-14
How competitive is Sept-Iles for commercial debt?
2 tracked lenders serve 700 commercial buildings — one lender per 350 buildings, a density score of 100 and rank 79 of 134 nationally. On the $1,000,000 average deal, a conventional mortgage at 5.05% sizes to $700,000 once both the 70% LTV cap and the 1.25x coverage floor are applied.
Sept-Iles is a tier 3 market in the Capitalor coverage set: 25,062 residents, 700 tracked commercial buildings, and 2 lenders and brokers observed writing paper here. That works out to one active lender for roughly every 350 commercial buildings, a Lender Density Score of 100 — 79 of 134 nationally and 22 of 23 within QC.
Pricing starts from value, and value starts from the 8.2% Sept-Iles cap-rate seed — the 133rd tightest of the 134 markets Capitalor tracks. Applied to the $1,000,000 average transaction, that implies about $82,000 of net operating income before financing.
Take the anchor case: a conventional commercial mortgage at 5.05% over 25 years. Seventy percent of the average Sept-Iles deal is $700,000, costing $49,351 a year to service. Coverage at a 1.25x floor caps the same loan at $930,486, so on the typical Sept-Iles file leverage is the binding constraint and the number to solve for first.
Sept-Iles is a deep lender market. On well-covenanted paper you should collect at least three competing quotes; spread dispersion between the best and worst bid in a market this deep is usually worth more than any rate-timing decision. 4 of the Capitalor product set are published for Sept-Iles.
How these figures were produced
- Observed — Recorded directly from the cited source series, unadjusted.
- Modelled — Derived arithmetically from observed inputs using the published method; not a market quote.
- Baseline seed — A documented starting estimate awaiting first observation. Treat as an order-of-magnitude figure only.
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Capitalor Lender Density Score — Sept-Iles
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 2
- Baseline seed
- Commercial buildings
- 700
02Stress the debt
Size a Sept-Iles deal
Preset to the Sept-Iles anchor case: $1,000,000 value, $82,000 implied NOI, 5.05% conventional pricing. Change any input to run your own file.
DSCR calculator
Preset to the Sept-Iles anchor case
Annual debt service
$49,351
DSCR
1.66x
Within Capitalor DSCR Stress Band
Max loan at 1.25x
$930,486
LTV calculator
Preset to the Sept-Iles average transaction
Current LTV
70.0%
Inside lender band
Max loan at cap
$700,000
Equity required
$300,000
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
01Size the deal
Products available in Sept-Iles
Other QC markets
Questions about Sept-Iles
How competitive is commercial lending in Sept-Iles?
2 lenders and brokers are observed writing in Sept-Iles against 700 commercial buildings — a Lender Density Score of 100, ranking 79 of 134 Canadian markets Capitalor tracks. That is a deep market.
What is a typical commercial deal size in Sept-Iles?
$1,000,000 across the Capitalor transaction sample. At 70% leverage that is $700,000 of senior debt and $300,000 of equity before closing costs.
What cap rate should I use for Sept-Iles?
The Capitalor Sept-Iles seed is 8.2%, the 133rd tightest of 134 tracked markets. It is a market-wide baseline, not an asset-level appraisal: adjust for asset class, vintage, lease term, and covenant before underwriting.
How much debt will Sept-Iles NOI support?
On $82,000 of NOI at a 1.25x coverage floor and 5.05% over 25 years, coverage caps the loan at about $930,486. The 70% LTV test caps it at $700,000, so the binding number is $700,000.
Which financing products are available in Sept-Iles?
4 products are published for Sept-Iles under the tier 3 coverage rule. Tier 1 markets carry the full product set; tier 2 carries tier 1–2 products; tier 3 carries anchor products only, because Capitalor will not publish a page it cannot support with observations.
Are these Sept-Iles numbers quotes?
No. They are indicative benchmarks published for comparison. Capitalor does not originate, broker, or place debt, and every figure must be confirmed with a licensed lender before you rely on it.
How often is the Sept-Iles data refreshed?
Benchmark rate observations refresh each business day from Bank of Canada. The lender census refreshes monthly. Cap-rate and transaction seeds refresh quarterly. Revisions are appended, never overwritten, so prior observations stay auditable.
Sources
- [1] Statistics Canada — census of population — Sept-Iles population base (25,062)
- [2] Capitalor lender census — 2 lenders and brokers observed writing in Sept-Iles; refreshed monthly
- [3] Capitalor building inventory — 700 commercial buildings, the denominator of the Lender Density Score
- [4] Capitalor transaction sampling — Sept-Iles average deal size $1,000,000 and 8.2% cap-rate seed
- [5] Bank of Canada — GoC 5yr series — Government of Canada 5-year benchmark bond yield used in the anchor pricing case
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