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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 $5,000,000 per project, although we will consider larger loans.
What are your rates?
Our competitive rates are generally 8.5 - 10%.
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 1.50 - 2.00% 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.
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Geographic Boundaries
Our target lending area is the Greater Toronto Area although we will consider applications in the surrounding areas bounded by Burlington to Bowmanville, North to Barrie.
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