01Size the deal
Commercial Mortgage in Kelowna, BC
Capitalor facts
- The Capitalor Commercial Debt Rate Index prices commercial mortgage in Kelowna at 5.05% indicative.
- Kelowna scores 100 on the Capitalor Lender Density Score with 14 tracked lenders and brokers.
- The average Kelowna commercial transaction of $3,700,000 supports roughly $2,590,000 of senior debt at 70% LTV.
Indicative rate
5.05%
Lender density
100
Avg deal size
$3,700,000
Cap rate seed
5.4%
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Commercial Mortgage · Kelowna, BC · Tier 3 market
Inputs: Benchmark + 190 bps spread, 14-lender census, 5.4% cap-rate seed
Next scheduled review: 2026-09-14
commercial mortgage in Kelowna 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 $3,700,000 average Kelowna transaction, a 70% advance is $2,590,000, carrying $182,597 of annual debt service on a 25-year amortization and a 5-year term.
Coverage binds before leverage here. At a mid-band 5.4% cap rate the asset throws off roughly $199,800 of NOI, which supports $2,267,208 at the 1.25x floor — about $322,792 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.
Kelowna scores 100 on the Capitalor Lender Density Score — a deep market, with 14 tracked lenders and brokers against 4,100 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 $2,590,000 loan constant, coverage falls to the 1.25x floor at roughly 3.75% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Kelowna deal survives renewal.
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.
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Spread, LTV and DSCR figures on this page are modelled from that benchmark.
What does commercial mortgage cost in Kelowna?
Indicative pricing sits at 5.05% with a 1.25x coverage floor and 70% LTV cap. On the $3,700,000 average Kelowna deal that is $2,267,208 of proceeds, bound by coverage, at $182,597 of annual debt service.
02Stress the debt
10 observations from 2026-06-10 to 2026-08-12. Net move +0.00 percentage points. Capitalor never deletes an observation.
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
DSCR calculator
Preset to Commercial Mortgage, Kelowna
Annual debt service
$182,597
DSCR
1.09x
Below lender threshold
Max loan at 1.25x
$2,267,208
LTV calculator
Preset to Commercial Mortgage, Kelowna
Current LTV
70.0%
Inside lender band
Max loan at cap
$2,590,000
Equity required
$1,110,000
03Compare lenders
Capitalor Lender Density Score — Kelowna
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 12
- Observed
- Commercial buildings
- 4,100
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ActQuestions
What rate should I expect on commercial mortgage in Kelowna?
5.05% indicative — the Government of Canada 5-year benchmark bond yield plus a 190 bps commercial mortgage spread. Individual quotes move with covenant strength, asset quality, and sponsor track record, and Kelowna's deep lender market widens or narrows that dispersion.
How large a loan does a typical Kelowna deal support?
On the $3,700,000 average transaction, a 70% advance is $2,590,000. Coverage separately caps the loan at $2,267,208 using $199,800 of NOI against a 1.25x floor, so the binding number is $2,267,208.
Does coverage or leverage bind first on this product in Kelowna?
Coverage. The 5.4% cap rate leaves the DSCR test binding roughly $322,792 below the 70% LTV ceiling, so extra appraised value will not buy extra proceeds.
What is the annual debt service at that loan amount?
$182,597 per year — $15,216 monthly on a 25-year amortization at 5.05%, against a 5-year term.
How much rate headroom is there before the deal breaks coverage?
Roughly 0.00%. Holding the loan and NOI constant, coverage reaches the 1.25x floor at about 3.75% — the number that matters at renewal.
How many lenders write this product in Kelowna?
Capitalor tracks 14 active lenders and brokers in Kelowna, a Lender Density Score of 100 against 4,100 commercial buildings — a deep market.
Is this pricing a quote?
No. It is an index benchmark published for comparison, not an offer of credit. Capitalor does not originate, broker, or place debt.
How often does this page change?
Benchmark rate observations refresh each business day; the lender census refreshes monthly; cap-rate and transaction seeds refresh quarterly. Nothing is deleted from the series — revisions are appended so prior observations stay auditable.
Can I export these numbers?
Yes. The debt scope builder on this page exports a term-sheet-ready PDF from your own inputs. No email, no account, no gate.
Sources
- [1] Bank of Canada — benchmark rate series — Government of Canada 5-year benchmark bond yield and policy rate; refreshed each business day
- [2] Statistics Canada — census of population — Kelowna population base (144,576)
- [3] Capitalor lender census — 14 lenders and brokers observed writing in Kelowna; refreshed monthly
- [4] Capitalor transaction sampling — Kelowna average deal size $3,700,000 and 5.4% cap-rate seed
- [5] Capitalor Commercial Debt Rate Index — Commercial Mortgage spread of 190 bps over the 5-year benchmark
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