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Philippe Laurin
  • Rental Property Investor
  • Laval, Quebec
43
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104
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Best canadian bank for multi-unit loans?

Philippe Laurin
  • Rental Property Investor
  • Laval, Quebec
Posted Mar 4 2015, 12:52

Hi!

I started contacting banks to see how they handle multi-unit loans, and it seems like the offers differ a lot from one bank to the other. I'm talking not only about the interest %, but also the way they evaluate a property, the % you need as a downpayment, the number of units for the loan to be considered commercial, etc. 

I was wondering if people who have a lot of experience with the various banks would have recommendations. Also, other than banks, what are the other sources of financing to look for in Canada, and more specifically Quebec? Other than the 6 big banks, are there any other institutions?

Thanks!

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