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Everything you need to know

Need something cleared up? Here are our most frequently asked questions.

Frequently asked questions

Everything you need to know about our services.

What is a debt broker and what services do you provide?

A debt broker acts as an intermediary between individuals or businesses seeking debt and potential lenders. We offer a range of services including debt restructuring, refinancing, loan origination, and advisory on managing existing debt. Our goal is to help clients secure favorable terms and navigate the complexities of debt financing.

How do you determine which lender or financial product is right for me?

We assess your specific financial situation, goals, and needs to identify the most suitable lenders and financial products. Our process includes a thorough analysis of your financial health, discussions about your objectives, and leveraging our network of lenders to find the best fit for you.

What is the difference between debt advisory and debt brokerage?

Debt advisory involves providing strategic advice on managing and optimizing debt, including restructuring and refinancing. Debt brokerage, on the other hand, focuses on connecting clients with lenders and facilitating the borrowing process. Our firm offers both services to ensure comprehensive support.

How much do your services cost?

Our fees can vary depending on the complexity of the services provided and the specific needs of the client. We offer transparent pricing and will provide a detailed breakdown of our fees before you commit to any services.

What types of clients do you work with?

We work with a diverse range of clients, including startups, mid-size businesses, and large corporations. Whether you are seeking debt management solutions or complex corporate financing, we tailor our services to meet your unique requirements.

How long does it take to secure debt financing?

The timeline can vary based on factors such as the type of debt, the complexity of your financial situation, and the responsiveness of lenders. Typically, the process can take anywhere from a few weeks to a few months. We strive to expedite the process while ensuring thorough due diligence.

Will my personal information be kept confidential?

Yes, maintaining your confidentiality is a top priority for us. We adhere to strict privacy policies and secure data practices to ensure that your personal and financial information is protected throughout the process.

Can you help with debt relief or bankruptcy?

While our primary focus is on debt brokerage and advisory, we can provide guidance and referrals for debt relief or bankruptcy services if necessary. Our goal is to support you in finding the most effective solution for your financial situation.

How do I get started with your services?

To get started, you can contact us via phone, email, or our website to schedule an initial meeting. During this meeting, we will discuss your needs, outline our services, and develop a plan to address your objectives.

CMHC FAQs

Everything you need to know about CMHC.

What is a commercial CMHC transaction and how does it differ from residential CMHC insurance?

A commercial CMHC transaction involves obtaining mortgage insurance from the Canada Mortgage and Housing Corporation (CMHC) for commercial properties, such as multi-family residential buildings or mixed-use properties. Unlike residential CMHC insurance, which typically covers single-family homes or smaller residential properties, commercial CMHC insurance is designed for properties with multiple units and different risk profiles.

What types of commercial properties are eligible for CMHC insurance?

CMHC insurance for commercial properties typically applies to multi-family residential buildings with five or more units, such as apartment complexes. It may also cover mixed-use properties with both residential and commercial components, provided they meet CMHC’s criteria for residential use.

What are the benefits of CMHC insurance for commercial properties?

CMHC insurance for commercial properties offers benefits such as reduced lender risk, which can lead to more favorable loan terms and lower interest rates. It also enables property owners to access financing with lower down payments and helps facilitate the acquisition or refinancing of income-generating properties.

What are the eligibility requirements for CMHC insurance on commercial properties?

Eligibility requirements include having a well-maintained property, a solid business plan, and demonstrated financial stability. The borrower must meet CMHC’s creditworthiness criteria and provide documentation such as financial statements, property appraisals, and a detailed business plan.

How is the CMHC insurance premium calculated for commercial properties?

The CMHC insurance premium for commercial properties is typically calculated as a percentage of the loan amount. The premium rate can vary based on factors such as the type of property, the loan-to-value ratio, and the overall risk profile of the transaction. The premium is usually added to the mortgage balance.

What documentation is required for a commercial CMHC insurance application?

Required documentation generally includes detailed financial statements, property appraisals, a comprehensive business plan, proof of income, and information on the property’s condition and management. We will guide you through the documentation process to ensure all requirements are met.

Can you assist with refinancing an existing CMHC-insured commercial mortgage?

Yes, we can assist with refinancing existing CMHC-insured commercial mortgages. We will review your current mortgage terms, financial situation, and goals to find the best refinancing options and manage the process from application through to approval.

What is the application process for CMHC insurance on commercial properties?

The application process involves preparing and submitting detailed documentation to CMHC, including financial and property information. We handle the application process, ensure all requirements are met, and work closely with CMHC and your lender to facilitate a smooth approval.

How long does the CMHC insurance approval process take for commercial transactions?

The approval process can vary based on the complexity of the transaction and the completeness of the documentation. Typically, it may take several weeks to a few months. We will keep you informed and work to expedite the process as much as possible.

What happens if a commercial property with CMHC insurance defaults on the mortgage?

In the event of a default, CMHC insurance protects the lender by covering the outstanding loan balance up to the insured amount. While the lender recovers the loss through the insurance claim, the borrower may face consequences such as damage to their credit rating and potential legal action. It is crucial to communicate with your lender if you encounter financial difficulties.

Are there any specific property management requirements for CMHC-insured commercial properties?

Yes, CMHC requires that commercial properties are managed effectively to ensure their long-term viability and income generation. This includes maintaining the property in good condition, adhering to local regulations, and demonstrating sound property management practices.

Have a question for us?

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Seva Capital Canada operates on Treaty 1 territory, the home and traditional lands of the Annishinabe (Ojibwe), Ininew (Cree), Oji-Cree, Dakota and Dene Nations, and in the National Homeland of the Red River Métis.

About Support ESG Contact Privacy

We are a trusted debt broker and mortgage broker specializing in customized financing solutions. Our services include debt brokerage, mortgage brokerage, and CMHC mortgage options such as CMHC affordable financing. Whether you’re looking for building financing, property finance, or credit line financing, our expert advisors and consultants are here to help. We also support equipment line financing, working capital finance, land and construction financing, and builder finance. From share and asset purchase financing to takeout, retail, office, and industrial financing—we cover it all. Our advisory services also include corporate finance, M&A (mergers & acquisitions), and comprehensive debt financing strategies.