Commercial Mortgage in Rouyn-Noranda, QC

commercial mortgage in Rouyn-Noranda 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 $1,200,000 average Rouyn-Noranda transaction, a 70% advance is $840,000, carrying $59,221 of annual debt service on a 25-year amortization and a 5-year term.

Leverage binds before coverage here. The wide 7.8% cap rate produces roughly $93,600 of NOI, enough for $1,062,115 at a 1.25x floor — about $222,115 above what the 70% LTV cap will advance. The deal is sized by value, so the appraisal, not the rent roll, is the document to get right first.

Rouyn-Noranda scores 100 on the Capitalor Lender Density Score — a deep market, with 4 tracked lenders and brokers against 1,100 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 $840,000 loan constant, coverage falls to the 1.25x floor at roughly 7.56% — 2.51% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Rouyn-Noranda deal survives renewal.