Facilitate success with the right financing.
Acquiring, developing or constructing commercial real estate can be a complex process, and you need a partner you can trust to deliver competitive, creative solutions with efficiency. Get the financing you need—to purchase land, cover construction costs or restore working capital—and let your greatest ambitions take flight. Specializing in everything from multi-family developments to hotels and industrial office space, we have the know-how to move your project forward.
Discover the Boomerang difference.
Industry Expertise
We’re a team of finance and real estate experts, leveraging extensive knowledge and our deep relationships with lenders.
A Tenacious Approach
We see challenges as opportunities to get creative, and we don’t stop until we achieve exceptional outcomes.
Exceptional Service
With a strong foundation in hospitality, we pride ourselves on our responsive, efficient and personalized service.
Here’s how we do it.
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Step 01 – Initial Consultation
During our first meeting, we dive deep into your unique needs and goals, identify clear financing objectives and establish a timeline with deliverables. With our successful track record in commercial financing, we can provide you with insight into what the financing structure and terms will look like for you and answer any questions you might have.
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Step 02 – Gathering Information
Next, we collaborate with you to collect the essential documents needed to thoroughly evaluate the loan opportunity. This may include information about the borrower, such as financial statements and an outline of your company’s organizational structure, or about the property, such as copies of leases, the rent roll and third-party appraisals.
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Step 03 – Formalizing the Terms
Once we have all the information we need, we provide you with a detailed engagement letter that outlines the expected terms and conditions of the proposed financing. This usually takes five business days.
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Step 04 – Delivering Recommendations
After a period of 10–15 business days, we present you with leading market options, providing our recommendations based on your financial goals.
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Step 05 – Loan Selection & Formal Approval
Once you have selected your loan and lender, we work to efficiently wrap up the process: formalizing the loan terms, facilitating the approval by coordinating the gathering of any additional information and providing you with a commitment letter.
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Step 06 – Funding
Collaborating with external stakeholders, we conclude the process by providing a funding condition checklist outlining all the deliverables, overseeing the coordination of all legal documentation and determining a targeted funding date.
Needed documents
The Checklist
Ready to get started? Check out the list of documents you’ll need to be pre-approved for commercial financing.
Lending Programs
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CMHC MLI Select
TYPE: Multi-Family Rentals
An innovative new multi-unit mortgage loan insurance product focused on affordability, accessibility and climate compatibility, CMHC MLI Select helps borrowers buy or refinance multi-family residential properties with benefits like lower down payments and interest rates. CMHC-insured financing offers flexible loan terms, higher loan-to-value ratios and longer amortizations (up to 50 years), supporting cash flow and your return on investment.
These advantages make MLI Select the top choice for multi-family property owners. We guide our clients through meeting program requirements for affordability, energy efficiency and accessibility to ensure successful applications.
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CMHC MLI Standard
TYPE: Multi-Family Rentals
CMHC MLI Standard can be used for construction financing, purchases or refinance based on a maximum loan-to-value (LTV) ratio of 85%. For construction financing, the loan can be advanced up to 75% of costs or lending value, whichever is less. The advancing of additional funds is subject to rental achievement. For purchases and refinancing, the LTV is up to 85% of the purchase price or lending value as determined by CMHC. All loan types have minimum Debt Coverage Ratio (DCR) requirements of 1.10 to 1.50, depending on property size and loan term. CMHC may consider amortization periods of up to 40 years for existing properties and 50 years for new construction. Interest rates can be fixed or floating.
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Conventional Term Mortgage
TYPE: Multi-Family | Hotel | Industrial Space | Office | Care Facility | Farm
From hotels to storage facilities and everything in between, conventional term lending is available for those clients that can demonstrate their business shows strong cash-flow coupled with experienced management.
With fixed and variable terms ranging anywhere from 1 to 5 years and amortization up to 25 years, these business loans strongly consider the following when approving new purchases and refinances:- Personal Net Worth
- Debt to Servicing Ratio (DSR)
- Appraisal
- Property Location
- Management Experience
We make innovative projects possible.
Shannon Ridge – Altitude
TYPE: MULTI-Family | Conventional loan
West Kelowna, BC
29 units | 68,758 sq. ft.
Assisted clients with bare-land financing (75% LTV) in 2020 with an annual interest reserve built-in. Construction will commence in early 2025 for this 29-unit strata townhome project called Altitude with a construction loan of $18,750,000.
Valleyview Apartments
Type: Multi-family | CMHC MLI Select
Kelowna, BC
117 units | 77,636 sq. ft.
Assisted clients with assembling three properties over a period of two years. Obtained construction financing and take-out financing through the CMHC MLI Select program with a loan amount of $41,000,000. Project will commence early 2025.
1516 Camosun
Type: MULTI-Family | Conventional loan
Victoria, BC
46 units | 30,199 sq. ft.
Provided clients with construction financing in the amount of $21,000,000 to develop this strata condo in the Fernwood neighbourhood of Victoria, BC. Project will begin in early 2025.
Vista Apartments
Type: Multi-family | CMHC MLI Select
Kelowna, BC
99 units | 48,386 sq. ft.
Assisted clients with assembling two properties over a period of three years. Obtained construction financing and take-out financing through the CMHC MLI Select program with a loan amount of $28,000,000. Project will commence mid-year, 2025.