Commercial Refinancing & Renewals in Nova Scotia

Reasons to refinance

Commercial owners refinance for a handful of common reasons:

• Renewal — shop maturity against the market, not just your current lender
• Equity takeout — access built-up equity to fund the next deal
• Better terms — lower rate, longer amortization, or improved structure
• Moving to CMHC-insured financing on a stabilized building

How much equity you can access

A refinance is still governed by the property's income (DSCR) and value (LTV). As a building's rents and value grow, so does the equity you can responsibly pull out — often the cleanest source of capital for your next acquisition. We model it before you commit.

Timing your renewal

The best renewals start early. Give a refinance enough runway to shop lenders, complete an appraisal, and close without pressure — and you'll almost always beat the offer that lands in your inbox at maturity.

When should I refinance my commercial mortgage?

The most common triggers are an upcoming renewal, a rate or structure improvement, or built-up equity you want to redeploy into the next acquisition. The best refinances start early — enough runway to shop lenders, complete an appraisal, and close without maturity pressure almost always beats the renewal offer that lands in your inbox.

How much equity can I pull out in a commercial refinance?

A refinance is still governed by the property's income (DSCR) and value (LTV) — typically up to 65–75% of appraised value on conventional financing, subject to the property carrying the debt. As rents and value grow, so does the equity you can responsibly access. We model it before you commit.

Can I refinance a stabilized building into CMHC-insured financing?

Often, yes. Once a multi-unit (5+) building is complete and leased, moving it onto CMHC-insured financing can lower the rate and extend amortization versus conventional terms. We assess whether the MLI Select math works for your building before starting the file.