Compare commercial debt products
Sort by any column. The last column is what actually matters on most files: annual debt service per $1,000,000 borrowed, which folds amortization and rate into a single number.
Which product services most cheaply per million in the scenario?
CMHC MLI Select — $53,948 a year per $1M at 4.50% over 40 years (scenario rate, illustrative amortization). That is a servicing cost, not a total cost: insurance premiums, fees, prepayment terms, and recourse are not in this column.
| CMHC MLI Select | 1 | 4.50% | 90 | 85% | 1.10x | 40 | 10 | $53,948 |
| Multi-Residential Financing | 2 | 5.20% | 160 | 75% | 1.20x | 30 | 5 | $65,893 |
| Industrial Financing | 2 | 5.35% | 175 | 70% | 1.30x | 25 | 5 | $72,619 |
| Commercial Refinance | 2 | 5.45% | 185 | 75% | 1.25x | 25 | 5 | $73,333 |
| Commercial Mortgage | 1 | 5.50% | 190 | 70% | 1.25x | 25 | 5 | $73,690 |
| Portfolio Financing | 3 | 5.60% | 200 | 68% | 1.30x | 25 | 5 | $74,409 |
| Owner-Occupied Financing | 3 | 5.70% | 210 | 75% | 1.25x | 20 | 5 | $83,908 |
| CMBS Conduit Debt | 3 | 5.75% | 215 | 65% | 1.40x | 30 | 10 | $70,029 |
| Retail & Office Financing | 2 | 6.05% | 245 | 60% | 1.35x | 20 | 5 | $86,318 |
| BDC Small-Business Property Loan | 3 | 6.60% | 300 | 75% | 1.20x | 20 | 5 | $90,177 |
| Construction Financing | 1 | 7.35% | 375 | 65% | 1.00x | IO | 2 | $73,500 |
| Bridge Loan | 1 | 8.10% | 450 | 70% | 1.05x | IO | 1 | $81,000 |
| Land Financing | 2 | 8.85% | 525 | 50% | 0.00x | IO | 2 | $88,500 |
| Private & Hard-Money Lending | 3 | 10.60% | 700 | 65% | 1.00x | IO | 1 | $106,000 |
| Mezzanine Financing | 2 | 12.10% | 850 | 85% | 1.00x | IO | 3 | $121,000 |
Scenario rates and structures are illustrative. See the methodology for formulas.
Which product is cheapest?
Capitalor cannot say — it does not observe lender pricing. The scenario rates here add an illustrative spread to one dated benchmark, so they show structure, not market cost. Cheapest headline rate is rarely cheapest capital: insured products trade rate for premiums and covenants, short-term products trade rate for speed.
Which product allows the highest leverage?
CMHC MLI Select, at an illustrative 85% LTV. High leverage is usually paid for in coverage tests, insurance premiums, or recourse rather than in the rate itself.
Why compare cost per $1M instead of rate?
Because amortization moves annual cost as much as rate does. A 40-year insured amortization at a higher rate can service more cheaply than a 20-year conventional loan at a lower one — the per-million column makes that visible.
Are these rates offers?
No. They are scenarios: one dated Government of Canada 5-year observation plus an illustrative per-product spread. Capitalor does not originate, broker, or place debt.
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