COMMERCIAL
INDUSTRIAL
PLAZAS AND SHOPPING CENTERS
GAS STATIONS AND AUTOMOBILE USE
OFFICE BUILDINGS
MULTI-UNIT RESIDENTIAL
RESIDENTIAL
VACANT LAND
CONSTRUCTION PROJECTS
FARMS
Lending Parameters
- LENDING AREAS: Within 250km of the greater Toronto area
- LOAN AMOUNT: From $250,000 to $10,000,000+
- TERM: From 6 months to 5 years
- AMORTIZATION: Interest only or flexible amortization
- INTEREST RATE: Varies – depends on circumstances
- FEES: 1% lender’s fee is typical
- SECOND MORTGAGES: Yes
- PAYMENT FREQUENCY: Monthly – in some cases loans can include interest prepayment
- LOAN TO VALUE: Up to 75% on residential properties and up to 70% on other classes of properties
- APPRAISALS: Normally required. Alternatively, we may consider an existing appraisal or may visit the property in person