01Size the deal
Land Financing in Laval, QC
Capitalor facts
- The Capitalor Commercial Debt Rate Index prices land financing in Laval at 8.40% indicative.
- Laval scores 100 on the Capitalor Lender Density Score with 24 tracked lenders and brokers.
- The average Laval commercial transaction of $4,200,000 supports roughly $2,100,000 of senior debt at 50% LTV.
Indicative rate
8.40%
Lender density
100
Avg deal size
$4,200,000
Cap rate seed
5.6%
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Land Financing · Laval, QC · Tier 2 market
Inputs: Benchmark + 525 bps spread, 24-lender census, 5.6% cap-rate seed
Next scheduled review: 2026-09-14
land financing in Laval prices off the Government of Canada 5-year benchmark bond yield plus a 525 bps land financing spread, landing at 8.40% indicative. Pre-development debt secured by raw or serviced land inventory. On the $4,200,000 average Laval transaction, a 50% advance is $2,100,000, carrying $201,222 of annual debt service on a 0-year amortization and a 2-year term.
Coverage binds before leverage here. At a mid-band 5.6% cap rate the asset throws off roughly $235,200 of NOI, which supports $2,045,504 at the 0.00x floor — about $54,496 below the 50% LTV ceiling. Underwrite to the coverage number and treat the LTV cap as a secondary test, or bring the gap in equity.
Laval scores 100 on the Capitalor Lender Density Score — a deep market, with 24 tracked lenders and brokers against 8,200 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 $2,100,000 loan constant, coverage falls to the 0.00x floor at roughly 8.09% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Laval 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 land financing cost in Laval?
Indicative pricing sits at 8.40% with a 0.00x coverage floor and 50% LTV cap. On the $4,200,000 average Laval deal that is $2,045,504 of proceeds, bound by coverage, at $201,222 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 Land Financing, Laval
Annual debt service
$201,222
DSCR
1.17x
Below lender threshold
Max loan at 1.20x
$2,045,504
LTV calculator
Preset to Land Financing, Laval
Current LTV
50.0%
Inside lender band
Max loan at cap
$2,100,000
Equity required
$2,100,000
03Compare lenders
Capitalor Lender Density Score — Laval
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 16
- Observed
- Commercial buildings
- 8,200
05Decide
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ActQuestions
What rate should I expect on land financing in Laval?
8.40% indicative — the Government of Canada 5-year benchmark bond yield plus a 525 bps land financing spread. Individual quotes move with covenant strength, asset quality, and sponsor track record, and Laval's deep lender market widens or narrows that dispersion.
How large a loan does a typical Laval deal support?
On the $4,200,000 average transaction, a 50% advance is $2,100,000. Coverage separately caps the loan at $2,045,504 using $235,200 of NOI against a 0.00x floor, so the binding number is $2,045,504.
Does coverage or leverage bind first on this product in Laval?
Coverage. The 5.6% cap rate leaves the DSCR test binding roughly $54,496 below the 50% LTV ceiling, so extra appraised value will not buy extra proceeds.
Why is the coverage floor only 0.00x?
Insurance or structural credit support lets land financing clear at a lower coverage floor than conventional term debt. It buys proceeds, not safety: at 8.40% the deal still breaks coverage near 8.09%.
What is the annual debt service at that loan amount?
$201,222 per year — $16,769 monthly on a 0-year amortization at 8.40%, against a 2-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 0.00x floor at about 8.09% — the number that matters at renewal.
How many lenders write this product in Laval?
Capitalor tracks 24 active lenders and brokers in Laval, a Lender Density Score of 100 against 8,200 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 — Laval population base (438,366)
- [3] Capitalor lender census — 24 lenders and brokers observed writing in Laval; refreshed monthly
- [4] Capitalor transaction sampling — Laval average deal size $4,200,000 and 5.6% cap-rate seed
- [5] Capitalor Commercial Debt Rate Index — Land Financing spread of 525 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