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Commercial Mortgages in Newfoundland

  • chAccess up to $10M in commercial property financing
  • chInterest rates start at 4.09% APR
  • chCompare offers from Canada's top lenders
up Last updated

June 09, 2025

Newfoundland and Labrador is the most eastern province in Canada with 92% of its population living on the island of Newfoundland. For most businesses in a densely populated area, it is not out of the ordinary to maybe need extra cash during the year for property developments and projects. In a predicament like this, commercial mortgages are perfect because the borrower gets favorable interest rates, capital gains, and renting potential. Not to mention they can do anything from buying land to developing properties or extending the current ones. However, eligibility for a commercial loan depends on a few factors such as the type of business, the current situation, and debt service coverage ratio.

Smarter Loans is a loan directory, and our mission is to help you find the most suitable loan provider in Newfound and Labrador.

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AMOUNT
$50K - $10M
INTEREST RATE
From 4.09%
TERMS
6 - 60 Months

Newfoundland at a Glance

  • As per the latest available information, an average inhabitant of Newfoundland earns $46,200 per month.
  • Average HI is $67,300.
  • As per the latest stats, an average hourly wage rate in Newfoundland amounted to $30.
  • On the average, consumer debt in Newfoundland is at the level of $23,900.
  • The areas of study interests of Newfoundland population lie mainly in social and behavioural sciences and law, health and related fields, personal, protective and transportation services.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Smarter.Loans connects you with qualified Commercial Mortgage providers in Newfoundland for all your specific financial needs.

Explore our catalogue of Commercial Mortgage lenders to get access to the lowest Commercial Mortgage rates in Newfoundland.

Commercial Mortgages are generally utilized for the purposes such as

  • buying an office building
  • building a shopping center
  • redeveloping/renovating properties
  • setting up an industrial warehouse
  • gaining tax benefits on interest amounts
  • acquiring land

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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