1. Major Canadian Banks

• RBC, TD, CIBC, BMO, Scotiabank: Their commercial lending arms will consider mobile home parks, especially in larger markets. They’ll look at the property’s income, occupancy, and your experience as an operator/investor.

• You’ll need to contact the commercial or business banking department—not the retail mortgage desk.

2. Credit Unions

• Coast Capital, Vancity (in BC), Servus Credit Union, First West, East Coast Credit Union (in Atlantic Canada): Many credit unions are active in lending on mobile home parks, especially if they’re in their geographic area.

• Sometimes offer more flexible underwriting than the big banks.

• https://www.central1.com/list-bc/

3. Specialized Commercial/Private Lenders

• CMLS Financial: Well-known for mobile home park loans.

• First National Financial: Commercial division will consider parks.

• MCAP: Commercial group can finance mobile home parks.

• DV Capital: Focused on mobile home park financing in BC, Ontario, and Nova Scotia.

• Matrix Mortgage Global: Offers commercial mortgages for mobile home parks and similar property types.

• Canada ICI

• Equitable Bank (through its commercial division)

• Atrium Mortgage Investment Corporation

4. Mortgage Brokers

• Commercial mortgage brokers (e.g., Colliers, Mortgage Alliance, Real Mortgage Associates, local brokerages): Can help you shop the deal to multiple lenders at once and often have access to private lenders if you don’t fit bank guidelines.

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5. CMHC-Insured Financing

• CMHC (Canada Mortgage and Housing Corporation) offers insured loans for apartment buildings and (less commonly) for mobile home parks.

• CMHC-insured loans allow for lower down payments and longer amortizations, but the property must meet strict eligibility and condition requirements.

• Most banks and large lenders offer both CMHC-insured and conventional apartment building mortgages.

📝 What Lenders Will Ask For

• Detailed financial statements for the park (income, expenses, rent roll)

• Current occupancy/vacancy rates

• Property appraisal

• Site map and park layout

• Environmental report (Phase 1 ESA)

• Proof of land ownership/title

• Your net worth statement and resume/CV (for commercial deals)

• Down payment: Usually minimum 25–35% for commercial property

• Business plan (if park is turnaround or underperforming)

🧑‍💼 Next Steps

1. Decide if you want to work direct with a bank or through a broker.

2. Gather your park’s financial info, rent roll, and property docs.

3. Contact commercial lending teams at your chosen bank(s) or a broker.

4. Get a pre-approval or preliminary term sheet.

📍 Key Contacts (by lender type):

• RBC Commercial Mortgages: RBC Commercial Lending

• CMLS Financial: CMLS Contact

• DV Capital: DV Capital Mobile Home Park Loans

• First National: First National Commercial Lending

• Your local credit union: Search their website for “commercial lending” or “business mortgages.”

• Mortgage Brokers Canada Directory: Mortgage Professionals Canada