A binding agreement or promise in a property deed or loan document. Restrictive covenants limit property use, while loan covenants set conditions borrowers must maintain, such as minimum debt coverage ratios.
Related Articles
- Using Property as Collateral for a Mortgage in Canada
Can you use property as collateral for a mortgage in Canada? How lenders value equity, LTV limits, and how investors leverage it to scale.
- Commercial Mortgage Due Diligence Checklist for Canadian Investors
Skip one item on this checklist and lose thousands. The complete commercial mortgage due diligence checklist every Canadian investor needs before closing.
- Mezzanine Financing for Commercial Real Estate in Canada: Complete Guide
Fill the gap between senior debt and equity with mezzanine financing. Learn rates, structures, risks, and when it makes sense for Canadian investors.