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Land Mortgages

Land roads

Impact Commercial has worked with complex construction mortgage files, from six-storey apartment buildings, to large townhome communities, to self-storage developments — a testament to our wide-ranging knowledge and expertise.


By engaging with our team of construction mortgage experts early in the planning process, we will develop an expansive and effective plan with optimal leverage, terms and repayment flexibility at its core. Our brokers will prepare you for a successful project from start to completion, guiding you through the process and explaining the funding process over the course of the development.

Looking for land?

What is land financing?

Land financing involves securing loans or funds to purchase vacant land for various purposes, such as residential, commercial, agricultural, or investment ventures. Typically requiring a higher down payment than traditional mortgages, land loans have varying interest rates and shorter terms of 5 to 20 years. The land itself serves as collateral, with lenders considering factors like creditworthiness, land value, zoning regulations, and intended land use during the approval process. Land financing terms and eligibility criteria can differ from traditional home mortgages, making it essential to work with a knowledgeable lender to navigate the unique requirements of acquiring undeveloped property.

How do I qualify?

Qualifying for a land loan in Canada entails meeting several key criteria, including having a good credit score (typically 650 or higher), a substantial down payment ranging from 25% to 50% of the land's purchase price, and a stable source of income to demonstrate repayment ability. 


Additionally, legal compliance and providing clear details about the land's intended use are essential. Shopping around for lenders with experience in land financing is advisable to find a loan that aligns with your specific needs and financial situation.

Have any questions? Give us a call.

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