What types of loans do you offer?
We specialize in first mortgage positions and will finance up to 75% of the property value.
What is the maximum amount I can request?
Our maximum loan is generally $10,000,000 per project.
What are your rates?
Our competitive rates are generally 7% - 9%.
Do I have to guarantee personally?
We will consider loans without a personal guarantee on a restricted loan to value basis.
How much will it cost?
Our fee is normally 1% - 2% of the loan amount.
How quickly can I get a loan?
Usually we can commit to a loan within 24 hours and fund as soon as due diligence is completed – normally within 1 to 3 weeks.
What is your maximum term?
Our maximum term is 3 years.
Can I pay out the mortgage before the end of the term?
Loans can be negotiated with a minimum or open prepayment privilege.
How are funds advanced during construction?
Construction loans are advanced as work is completed on the project. Advances are processed within 48 hours.
Our target lending area is the Greater Toronto Area although we will consider applications in the surrounding areas bounded by Kitchener-Waterloo to Bowmanville, north to Barrie.