What is a 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 Business 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.
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.
Features.
Financing built for construction.
Financing designed for commercial, industrial and mixed-use projects.
A Business Construction Mortgage provides financing tailored to larger development projects, including commercial, industrial, mixed-use and multi-family residential construction.
Built for your project.
Finance land, new builds, expansions, RTMs and major renovations.
Whether you’re acquiring land, constructing a new building, developing an RTM, expanding an existing property or completing a major renovation, a Business Construction Mortgage can provide financing structured around your project.
Flexible financing options.
Choose terms, amortization and rate options to suit your project.
Construction financing can be structured with flexible terms and amortization periods, with fixed or variable interest rate options available to help align your financing with your project and investment strategy.
How does it work?
A Business 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.
Construction financing can be tailored to commercial, industrial and mixed-use projects, with options for property purchases, new builds, expansions, RTMs and major renovations. Flexible term and amortization structures, along with fixed or variable interest rate options, can help align the financing with your project and investment strategy.
Your project timeline will influence the funding schedule, and inspections or third-party progress reports may be required before funds are advanced at each stage of construction. Commercial construction mortgages may also differ from residential loans in rates, terms and down payment requirements.
Approval may require business financial statements, project plans, cost estimates and other supporting documentation. Once the project is complete, refinancing options may be available depending on your circumstances and financing needs.
Helpful tools for managing your business finances.
Common questions.
Here’s what people ask us the most.
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Construction mortgages can support commercial, industrial and mixed-use projects, as well as property purchases, new builds, expansions, RTMs and major renovations.
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A construction draw is an advance of funds from your approved financing at a stage of the project. Inspections or third-party progress reports may be required before each draw to confirm the progress of construction.
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Inspections or third-party progress reports may be required before funds are advanced at each stage of construction. Your specific requirements will depend on your project and financing arrangement.
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Approval may require business financial statements, project plans, construction budgets, cost estimates and other information about the property and project. The specific requirements will depend on your financing request.
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Once construction is complete, your financing may transition to longer-term mortgage financing or another suitable financing arrangement. Refinancing options may be available depending on your circumstances and financing needs.
Let's start the conversation.
Share a bit about what you're looking for and someone from our team will reach out within one to two business days.
