Business Construction mortgage


Building or expanding a commercial property is a significant investment — and having the right financing in place helps ensure your project stays on track. A construction mortgage gives you structured funding to support your build from start to finish, whether you're developing 
mixed-use, industrial, retail, multi-family residential, or RTM (Ready‑to‑Move) projects.


Why choose a construction mortgage from Conexus? 

A construction mortgage from Conexus gives your project the financial structure it needs from the first blueprint to the final walkthrough. You get funding that aligns with your construction timeline and guidance from advisors who understand the realities of running a business in Saskatchewan. Whether you're expanding, upgrading, or building something new, we help you stay on track with clear support, flexible options, and a financing plan that grows with your vision.

A Saskatchewan contractor using a tape measure and pencil to take measurements on a piece of lumber in a construction site.

What is a construction mortgage? 

A construction mortgage is financing designed to help businesses acquire land, develop commercial or multi-family residential property, RTMs, or construct new buildings. It provides funding for large projects that need structured, long‑term support — and unlike a line of credit, it’s a true mortgage product, not revolving debt. 

Features of a construction mortgage

Construction mortgages have options that include:

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Financing tailored for commercial, industrial, and mixed‑use construction

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Options for property purchases, new builds, expansions, RTMs, and major renovations

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Flexible term and amortization structures

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Fixed or variable interest rate options

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Supporting commercial and investment property development

What to expect with a construction mortgage

Additional considerations include:

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Project timelines influence your funding schedule

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Commercial construction mortgages may differ from residential loans in rates, terms, and down payment requirements

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Inspections or third‑party progress reports may be required before each draw

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Refinancing options may be available upon project completion

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Approval may require business financials, project plans, and cost estimates

Related tools and services 

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Mortgage calculator  Estimate payments and plan ahead

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Business credit cardsFor everyday business purchases

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Business servicesPayments, merchant services, and cash management

Have questions?

That's what we're here for!

Meet with one of our business advisors to see if a construction mortgage is right for your business. Fill out our contact form and we’ll contact you within one business day.