MKG Mortgages · GTA
Reviewed by Micky Khaneka, licensed mortgage broker
A commercial mortgage is secured by property used mainly for business or investment: a shop, a small plaza, a warehouse, or a mixed-use building. The lender reads the property income and the borrower together.
MKG Mortgages prepares those files for owners across the GTA. The documents are heavier than a house mortgage, and the timeline should reflect that.
Micky Khaneka, licensed mortgage broker, M21002608, FLOW Lending Group, Brokerage #12864
Retail, office, industrial, owner-occupied premises, and some mixed-use or multi-unit buildings can be financed when the lender accepts the use. Land and construction are a different conversation. The property, the borrower, and the income of the building are read together.
An illustrative example separates an owner who operates from the building and a landlord who depends on leases. The rent roll and the expenses matter in the second case. The business statements matter in the first. Neither example is a quote or an approval.
Illustrative example
The challenge. A house mortgage was the wrong door for a commercial property.
How MKG structured it. We prepared a commercial file with the business statements and the purchase, sized to an owner-occupied building.
Illustrative example
The challenge. The financing depended on the rent roll, not only the buyer's personal income.
How MKG structured it. We organized the leases, the rent roll, and the borrower so the lender could read the property income.
Illustrative example
The challenge. They wanted equity for the business, with the building staying the security.
How MKG structured it. We refinanced the commercial mortgage around that use of funds and the property's income.
Commercial files use the property and the business documents together.
MKG starts with the property, the requested amount, and what the funds are for. Financial statements, leases, and a commercial appraisal follow when the request still makes sense. More than one lender may see the file. A house mortgage worksheet is not reused for a warehouse.
01
Commercial files are read on the asset, the income it produces, and who is signing. Both have to be presentable.
02
A purchase, a refinance, or a value-add should leave room for what you plan to do with the building later.
03
Rent rolls, environmental questions, and the use of the property are organized before the lender meeting.
There is no single number. The type of property, the income, and the lender's criteria all move the equity. MKG will not invent a percentage for a building it has not seen. Bring the address and the use, and the range can be discussed from there.
Owner-occupied property is a different conversation from a pure investment.
In-place income, lease term, and tenant quality drive how much financing is realistic.
Mixed-use, multi-unit, and small commercial properties need a commercial lender, not a house program.
| File | What carries the loan | Documents that show up |
|---|---|---|
| House you live in | Your income | Employment or business returns, the offer |
| Owner-occupied commercial | The business and the building | Statements and the property |
| Leased commercial | The tenants and the expenses | Leases, the rent roll, an appraisal |
Sources. FSRA — mortgage brokering · FCAC — mortgages Published rules change. Read the current page, and confirm tax with your lawyer, before you rely on a figure.
The GTA page covers every city. A longer Vaughan page remains at its existing URL. Other cities use this page rather than a copied city version. The office is in North York. A house with a suite belongs on the residential pages, not here.
The note below is paraphrased from a public Google review. It is one client's experience, not a promise that the next file ends the same way. A rate in a client's words is not an offer from MKG. The lender still decides.
A business owner wrote that the property and the company were both explained to the lender, and that communication stayed steady through closing.
Paraphrased from a public Google review of MKG Mortgages. Names and identifying details are left out.
Micky Khaneka is a licensed mortgage broker, FSRA M21002608, at FLOW Lending Group, Brokerage #12864. Canadian Mortgage Professional named him to the CMP Top 75 for 2026, at number 15 in Canada. The lender still decides. The lender still decides.
Micky Khaneka, licensed mortgage broker, M21002608, FLOW Lending Group, Brokerage #12864
The firm serves clients in English, Hindi, Punjabi and Bengali.
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CMP Top 75 Broker 2026
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These are the questions that show up before a file is opened. The short answer sits under each one in the page, so you can read it without opening a box. The lender still decides, and a figure in an example is not an offered rate.
The lender looks harder at the property income and the business, down payments are often larger, and terms are usually shorter. The documents are heavier, and the timeline should reflect that.
Yes. Both are part of the commercial work, along with files where the property and an operating business need to be explained together.
Book a time or send the statement, the agreement, or the assessments you already have. The first call is free. It is a review of the file, not a promise of approval, and any rate talk stays illustrative and on approved credit.
Any rate or payment mentioned is illustrative and on approved credit (OAC). It is not a quote, a commitment, or a current offer.