”Industry Icon” named by the CMP Magazine

Michel Durand founder and CEO of MCommercial reflects on the career that’s helped him become one of the commercial mortgage sector’s leading lights. For Michel Durand, commercial mortgage brokering isn’t just something you can dip your toes into. It’s a full-time commitment – a pursuit that requires the utmost dedication, devotion and professionalism in order to find success.  Durand’s belief …

How Commercial Brokers can Distinguish Themselves in the Industry

Michel Durand Founder and CEO MCommercial Michel Durand oversees an organization whose agents specialize in negotiating and securing commercial mortgages specific to different asset classes, with loans that are generally $5 million or more. He says that puts an extra onus on each agent to master the asset class they’re working on and steer the deal over the finish line. …

CMP spoke with Michel Durand in the space to find out what commercial brokers need to know to navigate a still evolving landscape.

MICHEL DURAND / PRESIDENT AND PRINCIPAL BROKER / MORTGAGE ALLIANCE COMMERCIAL What do brokers need to do to succeed in the commercial market? Michel Durand: There are no secrets here, and it’s no different than what it takes to succeed in any market or industry. First, surround yourself with the best professionals to help you accomplish your objective – I …

CMP interviews Michel Durand on “How to survive in Today’s Bleak Commercial Lending Space”

  Michel Durand, CEO of Mortgage Alliance Commercial, says that he’s been able to use his trusted position amongst prospects, clients, and lenders to broker a record number of deals in the wake of the pandemic. He says that current market conditions are shaped more by anxiety than the real impacts of the pandemic. Despite bleak headlines and dire, COVID-coloured predictions for …

Commercial Mortgage Commentary – CMLS Mortgage Analytics Group

Making News Overnight Rate In late October, the Bank of Canada (“BOC”) announced the third 25 bps rate hike this year, which brought the overnight target rate to 1.75%. The increase comes after continued strength in economic figures and the negotiation of the “new NAFTA” trade deal with Mexico and the U.S. This pushed the prime rate of major Canadian …

Commercial Mortgages: How Much Down Payment Do I Need?

Commercial Mortgages: How Much Down Payment Do I Need? “It Depends”. These are the two words I frequently use when discussing a commercial mortgage. Whether it’s how much of a downpayment is needed, what the rate is, amortization, etc. It depends. Let’s consider the first one; downpayment. How much does a client need to put down for a commercial property purchase? When determining …

Top 5 Reasons to Use Mortgage Alliance Commercial Canada (MACC)

Top 5 Reasons to Use Mortgage Alliance Commercial Canada (MACC) At Mortgage Alliance Commercial Canada (MACC) we pride ourselves in providing the best service possible. Our number one source of referral is via word of mouth, hence we make sure to conduct business professionally and diligently so all parties are satisfied. Here are 5 reasons we think you should use MACC on …

Proud to announce we are nominated as the Best Commercial Broker for a 4th year in a row

Proud to announce we are nominated as the Best Commercial Broker for a 4th year in a row For the last 15 years, M. Durand has built and led a firm that has become the largest, most active pan-Canadian firm dedicated to the Commercial Mortgage Brokerage Industry. M Durand’s efforts have been recognized by his industry peers’ who have nominated …