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Commercial Mortgage
 

 

 

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Key Benefits & Requirements

 

Property Types:      Retail (anchored or unanchored), Industrial, Offices, Hotels, Nursing/Retirement homes and Multi-family (Mixed use).

 

Lending Areas:       Any geographic location within Canada.

 

Loan Purposes:    Acquisitions, refinance existing debts, capital improvements, new construction, equity transfer / equity takeouts.

 

Loan Types: Conventional first mortgages only.

 

General Criteria

Anch.

Unch.

Land

Office

Hotel

Nurs.

Multi

Maximum LTV

75%

70%

75%

75%

70%

70%

75%

Equity Required

25%

30%

25%

25%

30%

30%

25%

Minimum DCR

1.25

1.35

1.25

1.20

1.50

2.00

1.25

Max. Amort. (Yrs)

30

30

25

25

25

30

30

 

Reports Required:            Appraisal, Phase 1 Environmental, Engineering / Building / inspection (Discretionary).

Minimum Loan Size:        $ 1,000,000

Interest Rates:            Fixed and Floating

Available Terms:         1 20 years, depending on the security.

Personal  Guarantees:   Recourse and non-recourse is available, depending on the security.

 

Information Required to Obtain Detailed Loan Proposal:

  • Loan Amount Required and Purpose

  • Rent Roll / Leases

  • Project Operating Statement

  • Ownership Details

  • Pictures

  • Property Description

  • Detail of Registered Dept or Purchase and Sale Agreement


Multi-Residential Buildings / Five-plex and up

WE FINANCE APARTMENT BUILDINGS THROUGHOUT ONTARIO

  • Competitive rates, terms, and products tailored to your specific deal

  • PURCHASES in GTA and Major Centers

  • 70-75% LTV at DISCOUNTED RATES

  • Refinances also considered

  • Environmental and building condition report only required over 12 units

  • $250,000-$30,000,000 available for those who qualify

 

 


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Info Request Form

 

 

 

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Last modified: 2007-06-20


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