If that is the case most local lending institutions will loan you up to 60% of the value of the property without too much hassle.  

If anyone can suggest or connect me with private money lenders in British Columbia Canada or folks ok to lend here that would be great.

Also, there are more experienced financiers on BP than I am (for example, @Jerry Padilla), but I know you can get 10 conventional mortgages in your name and your husband can have 10 in his name (so you've got a long way to go before you have to find alternative lending sources). 

I have a question about commercial lending rates.I spoke with lender that i have used on single family rentals and the rates quoted would only be for 5-7 years on a fixed at around 5.5%.Is this typical of commercial loans ?

I'm stretched pretty far as lending goes.

The "personal gain" for your Realtor in introducing you to a preferred lending partner is likely to be limited to transaction comfort and accessibility  as well as referrals to other buyers/sellers. 

Does anyone have any recommendations for banks or credit unions that will lend at least 500K with no closing cost, and the best rates?

We're lending in GA now for entity borrowers only.  

Typical commercial lending is LTV 70-75%always an ARM, like 20 due in 10 (or even 5)property self-sufficient (aka DSCR 1.1 - 1.3 depending upon the lender)with an NOI that supports reserves 10%, vacancies of 12%1/2 year prepaid taxes AND insurance (last parts of PITI)Your personal credit should not be part of the qualification process.

They lend nationally and I have used them in past for flips.Leslie