My Rates

1 Year 2.99%
2 Years 2.64%
3 Years 2.89%
4 Years 2.99%
5 Years 2.84%
7 Years 3.39%
10 Years 3.69%
*Rates subject to change and OAC
Praful Lakhani Commercial Mortgage & Construction Financing Specialist

Praful Lakhani

Commercial Mortgage & Construction Financing Specialist

7676 Woodbine Ave, Suite 300, Markham, Ontario







In 2015 I was rated as one of the Top 10 Commercial Mortgage Brokers in CMP (Canadian Mortgage Professional) Magazine. 

I specialize in Commercial Mortgages and Construction Financing. Below please find a few examples of the types of properties I can finance.

Gas Stations Financing - funds for renovations, purchase or refinancing

Church, Temples and Mosques,

Multi Residential and Apartment Buildings

Commercial properties such as Shopping Mall, Industrial building, Office building, shopping plaza etc  

Retirement Homes 

Hotel, Motel Financing

Private Schools

Funeral Homes

Camp Grounds

I can also provide Construction Financing including Land Development!

I also have a large network of private funds available for 1st and 2nd mortgages for Residential or Commercial properties!

Please call me should you have any questions or would like to discuss any potential deals!

BLOG / NEWS Updates

Canadian home sales fall further in July

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017. Highlights: National home sales fell 2.1% from June to July. Actual (not seasonally adjusted) activity in July stood 11.9% below last Julys level. The number of newly listed homes edged back by 1.8% from June to July. The MLS Home Price Index (HPI) was up 12.9% year-over-year (y-o-y) in July 2017. The national average sale price edged down by 0.3% y-o-y in July. Julys interest rate hike may have motivated some homebuyers with pre-approved mortgages to make an offer, said CREA President Andrew Peck. Even so, sales activity continued to soften in the Greater Golden Horseshoe region. Meanwhile, sales and prices in Montreal continue to strengthen. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to. July marked the smallest monthly decline in Greater Golden Horseshoe home sales since Ontarios Fair Housing Plan was announced in April, said Gregory Klump, CREAs Chief Economist. This suggests sales may be starting to bottom out amid stabilizing housing market sentiment. Time will tell whether thats indeed the case once the transitory boost by buyers with pre-approved mortgages fades. Click here to continue reading

Decline in single-family component moderated by gain in multi-family dwellings

Canadian municipalities issued $8.1 billion worth of building permits in June, up 2.5% from May and the second highest value on record. Higher construction intentions for multi-family dwellings and commercial buildings were mainly responsible for the national increase. All building components reported gains in June, except for single-family dwellings. The value of residential building permits fell 0.9% in June to $5.0 billion, the fourth decrease in five months. The decline was mainly the result of lower construction intentions in four provinces, notably Ontario. In June, the value of permits for single-family dwellings decreased 12.5% to $2.4 billion. Seven provinces registered declines, with Ontario being the main contributor to the decrease. Conversely, construction intentions for multi-family dwellings rose 12.5% in June to $2.7 billion, marking a third consecutive monthly increase. Seven provinces registered gains, led by Ontario and British Columbia. Click here for more information


TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital