Business Details
9 Years
experience
Trusted Commercial Mortgage Solutions in Western Canada
Cobra Mortgage is a commercial and construction mortgage lender dedicated to providing innovative, customized financing solutions for developers across Western Canada. With over 45 years of combined industry experience, our team understands the complexities of commercial development and offers flexible lending options tailored to each project's unique needs. We specialize in mortgages ranging from $1 million to $12 million, focusing on land development, hotel and motel construction, condominium projects, and industrial developments.Our hands-on approach ensures timely approvals and personalized support, allowing clients to prioritize project completion over financing delays. As former developers ourselves, we bring practical expertise to every partnership, combining local market knowledge with streamlined decision-making processes that eliminate bureaucratic hurdles. Our commitment to client success extends beyond funding, as we actively collaborate throughout the construction lifecycle to address challenges and maximize opportunities.
Services
Commercial Mortgages
Construction Loans
Condo Development Financing
Hotel & Motel Loans
Land Development
Industrial Construction
Inventory Loans
Details
- Year established: 2017
Highlights and features
- We offer over 45 years of combined experience in commercial development.
- Our team provides hands-on expertise in Western Canadian markets.
- We deliver quick approvals and flexible terms for project success.
- We specialize in loans from $1M to $12M for diverse developments.
- Our financing solutions are backed by developer experience.
Services
Commercial Mortgages
Cobra Mortgage provides tailored commercial mortgages ranging from $1 million to $12 million, supporting land development, industrial projects, and mixed-use developments. Our flexible terms and rapid approvals help developers maintain project momentum while ensuring financial viability through interest reserves and adaptive repayment structures.
Construction Loans
Specializing in construction loans for hotel, motel, and condominium projects, we offer hands-on guidance from planning to completion. Our developer background enables practical risk assessment and customized financing solutions that accommodate rural and urban developments across Western Canada.
Condo Development Financing
We structure condo construction and inventory loans that support both project completion and post-development sales phases. Our expertise ensures projects stay on schedule by addressing unexpected challenges with industry-informed solutions tailored to Western Canadian markets.
Hotel & Motel Loans
As specialists in hospitality financing, we provide tailored loans for franchised hotels and independent motels in urban and rural areas. Our decades of operational experience inform realistic viability assessments and flexible lending terms that align with project timelines.
Land Development
Our land development financing supports infrastructure projects with terms that accommodate servicing and construction phases. We combine local market knowledge with developer insights to create funding structures that balance risk and opportunity for successful project delivery.
Questions
How long does the approvals process take?
Cobra Mortgage can fund projects in as little as two weeks with complete documentation, offering a term sheet within a week.
What equity percentage is required for a project?
A typical minimum is 25% of total project costs, though this varies based on developer liquidity and project specifics.
What information is needed to apply?
Required documents include financial statements, project appraisals, permits, construction budgets, and developer resumes.
What fees does Cobra Mortgage charge?
A $2,500 non-refundable fee plus 1–2% of funds advanced, depending on loan structure and terms.
