If your commercial mortgage is maturing, or your property has built up equity, refinancing can reset the terms or free up capital to put to work. Equity take-out means refinancing for more than you owe and taking the difference in cash. Here is when it makes sense and what lenders weigh.
Review your rate and term when the mortgage comes due.
Access equity the property has built for other uses.
Fund renovations, upgrades, or a repositioning.
Combine debt or change how the financing is structured.
Move to a lender that fits the property as it is now.
You refinance for more than the current balance and take the difference in cash, drawn from the equity the property has built. Owners use it to reinvest, expand, or improve, rather than letting equity sit idle.
The property's income and DSCR (debt service coverage, whether income covers the payments), the loan-to-value (LTV) after the take-out, the property and its tenants, and your plan for the funds.
Bring us the property and what you want the funds to do, and one team will map whether a refinance or equity take-out fits. A licensed member of our commercial team will follow up.
Start a conversationInformation here is general and educational. It is not financial, legal, or lending advice, and it is not an offer of financing. How much equity can be accessed, and on what terms, varies by lender, property, income, and province, and a refinance may involve penalties or costs. Any figures or ratios are illustrative only. All financing is subject to lender review, property review, and supporting documentation. Submission of a form does not guarantee approval or financing.