Scale Your Holdings. Uncomplicate Commercial Lending.
Commercial real estate moves fast; traditional banks don't. Secure rapid, asset-backed hard money to acquire, reposition, or bridge your multi-family and commercial properties in Alberta.
Because Opportunity Doesn’t Wait for Committee Approvals.
Acquiring a 20-unit apartment building or a mixed-use commercial plaza is complex enough without fighting your lender. Traditional banks obsess over Trailing 12-Month (T12) financials and demand perfect Debt Service Coverage Ratios (DSCR). If a building has high vacancy or needs a massive turnaround, the bank will flat-out reject it, leaving you unable to execute a brilliant value-add strategy.
The AJS Solution: We look forward, not backward. AJS Capital underwrites the intrinsic value of the real estate and the strength of your pro-forma (your business plan for the property). We provide the fast, flexible capital required to take down the asset, complete your capital expenditures (CapEx), and stabilize the rent roll so you can refinance on your own terms.
Funding the Big Deals
Multi-Family Acquisitions & Value-Add
Buy underperforming apartment buildings, renovate the units, and push the rents to market rates. We fund the acquisition and the CapEx required to force massive appreciation.
The CMHC Bridge
CMHC MLI Select financing offers incredible long-term rates, but the approval process can take 4 to 6 months. We bridge the acquisition so you can secure the property immediately while you wait for your CMHC certificate to clear.
Partner Buyouts & Restructuring
Need to buy out a syndicate partner or restructure the debt on an existing commercial asset? We provide the fast liquidity to clean up the capitalization table using the building's equity.
Vacant & Distressed Commercial
Found a vacant retail plaza or light industrial bay at a steep discount? We fund the purchase of empty buildings so you can execute your tenant lease-up strategy without bank interference.
We Underwrite the Pro-Forma.
We understand that the current state of a building is rarely the whole story. If you are buying a mismanaged asset, the historical financials will look terrible. As an Alberta-based private lender, we underwrite the asset's potential. If you have a realistic stabilization plan, a strong team, and a clear exit strategy to eventually take us out with conventional institutional debt, we will partner with you to make the deal happen.
Commercial & Multi-Family Loan Guidelines
Rates: As low as 8.75%*
Target LTV: Up to 75% of the Purchase Price, Market Value OR 70% of CLTV for Rehab and Lease Stabilization
Funding Structure: We typically fund a high percentage of the acquisition cost, plus up to 100% of the renovation budget (released in draws).
Payment Structure: Interest-only payments to keep your holding costs low and cash-flow high.
Property Location: Urban and strong sub-urban markets across Alberta.
Property Types: Multi-family apartment buildings (5+ units), mixed-use residential/retail, light industrial, and select retail plazas.
No Application Fee
No Appraisal
No Prepayment Penalty
* Rates are based on loan terms, borrower qualifications, LTV, and property factors and are subject to change. Non owner-occupied rental properties only.
Commercial Investor FAQs
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No. Traditional banks demand high occupancy; we do not. We actively fund vacant or highly distressed properties as long as the investor has a realistic, well-capitalized lease-up strategy.
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For most commercial, industrial, and mixed-use properties, a clean Phase 1 ESA is required before funding to protect the integrity of the asset. Multi-family residential properties are evaluated on a case-by-case basis.
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Yes. Similar to our Fix & Flip program, we can fund the initial acquisition and hold the CapEx funds in reserve, releasing them in draws as you renovate units and improve the building.
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Once we have a complete package (including a recent commercial appraisal and necessary environmental reports), we can issue a term sheet in 24-48 hours and fund within weeks, bypassing the months-long institutional delays.
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No. AJS Capital strictly provides commercial, business-purpose alternative financing for active real estate investors. We only lend on physical real estate assets located within Alberta, Canada.
Ready to scale your commercial portfolio?
Discuss your pro-forma and timeline with our underwriting team today. Track your commercial loan portfolio 24/7 with our secure loan management platform.