Commercial Mortgage in Bradford West Gwillimbury, ON

commercial mortgage in Bradford West Gwillimbury prices off the Government of Canada 5-year benchmark bond yield plus a 190 bps commercial mortgage spread, landing at 5.05% indicative. Conventional term debt on stabilized income-producing commercial property. On the $1,500,000 average Bradford West Gwillimbury transaction, a 70% advance is $1,050,000, carrying $74,026 of annual debt service on a 25-year amortization and a 5-year term.

Coverage binds before leverage here. At a mid-band 6.0% cap rate the asset throws off roughly $90,000 of NOI, which supports $1,021,265 at the 1.25x floor — about $28,735 below the 70% LTV ceiling. Underwrite to the coverage number and treat the LTV cap as a secondary test, or bring the gap in equity.

Bradford West Gwillimbury scores 100 on the Capitalor Lender Density Score — a deep market, with 5 tracked lenders and brokers against 1,200 commercial buildings. Expect competitive tension on well-covenanted paper: quote at least three lenders before accepting a spread.

Stress the file before a lender does. Holding the $1,050,000 loan constant, coverage falls to the 1.25x floor at roughly 4.77% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Bradford West Gwillimbury deal survives renewal.