01Size the deal
Private & Hard-Money Lending in Calgary, AB
Capitalor facts
- The Capitalor Commercial Debt Rate Index prices private & hard-money lending in Calgary at 10.15% indicative.
- Calgary scores 100 on the Capitalor Lender Density Score with 84 tracked lenders and brokers.
- The average Calgary commercial transaction of $5,400,000 supports roughly $3,510,000 of senior debt at 65% LTV.
Indicative rate
10.15%
Lender density
100
Avg deal size
$5,400,000
Cap rate seed
6.2%
Capitalor Commercial Debt Rate Index · Last updated 2026-08-12 · Maintained by Capitalor Data Desk
Scope: Private & Hard-Money Lending · Calgary, AB · Tier 1 market
Inputs: Benchmark + 700 bps spread, 84-lender census, 6.2% cap-rate seed
Next scheduled review: 2026-09-14
private & hard-money lending in Calgary prices off the Government of Canada 5-year benchmark bond yield plus a 700 bps private & hard-money lending spread, landing at 10.15% indicative. Asset-backed debt priced for speed, story, and short duration. On the $5,400,000 average Calgary transaction, a 65% advance is $3,510,000, carrying $387,208 of annual debt service on a 0-year amortization and a 1-year term.
Coverage binds before leverage here. At a wide 6.2% cap rate the asset throws off roughly $334,800 of NOI, which supports $3,034,930 at the 1.00x floor — about $475,070 below the 65% LTV ceiling. Underwrite to the coverage number and treat the LTV cap as a secondary test, or bring the gap in equity.
Calgary scores 100 on the Capitalor Lender Density Score — a deep market, with 84 tracked lenders and brokers against 27,800 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 $3,510,000 loan constant, coverage falls to the 1.00x floor at roughly 8.35% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Calgary 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 private & hard-money lending cost in Calgary?
Indicative pricing sits at 10.15% with a 1.00x coverage floor and 65% LTV cap. On the $5,400,000 average Calgary deal that is $3,034,930 of proceeds, bound by coverage, at $387,208 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 Private & Hard-Money Lending, Calgary
Annual debt service
$387,208
DSCR
0.86x
Below lender threshold
Max loan at 1.00x
$3,034,930
LTV calculator
Preset to Private & Hard-Money Lending, Calgary
Current LTV
65.0%
Inside lender band
Max loan at cap
$3,510,000
Equity required
$1,890,000
03Compare lenders
Capitalor Lender Density Score — Calgary
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 21
- Observed
- Commercial buildings
- 27,800
05Decide
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04Choose city
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ActQuestions
What rate should I expect on private & hard-money lending in Calgary?
10.15% indicative — the Government of Canada 5-year benchmark bond yield plus a 700 bps private & hard-money lending spread. Individual quotes move with covenant strength, asset quality, and sponsor track record, and Calgary's deep lender market widens or narrows that dispersion.
How large a loan does a typical Calgary deal support?
On the $5,400,000 average transaction, a 65% advance is $3,510,000. Coverage separately caps the loan at $3,034,930 using $334,800 of NOI against a 1.00x floor, so the binding number is $3,034,930.
Does coverage or leverage bind first on this product in Calgary?
Coverage. The 6.2% cap rate leaves the DSCR test binding roughly $475,070 below the 65% LTV ceiling, so extra appraised value will not buy extra proceeds.
Why is the coverage floor only 1.00x?
Insurance or structural credit support lets private & hard-money lending clear at a lower coverage floor than conventional term debt. It buys proceeds, not safety: at 10.15% the deal still breaks coverage near 8.35%.
What is the annual debt service at that loan amount?
$387,208 per year — $32,267 monthly on a 0-year amortization at 10.15%, against a 1-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 1.00x floor at about 8.35% — the number that matters at renewal.
How many lenders write this product in Calgary?
Capitalor tracks 84 active lenders and brokers in Calgary, a Lender Density Score of 100 against 27,800 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 — Calgary population base (1,306,784)
- [3] Capitalor lender census — 84 lenders and brokers observed writing in Calgary; refreshed monthly
- [4] Capitalor transaction sampling — Calgary average deal size $5,400,000 and 6.2% cap-rate seed
- [5] Capitalor Commercial Debt Rate Index — Private & Hard-Money Lending spread of 700 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