Residential Lending
- Lending programs
- Luxury Homes and Condos
- Second home/ Recreational Properties
- Lofts and Live/ Work Condos
- Foreign Investor
- Builder Inventory
- Investment Properties
- Bridge Financing
- Equity Take Out
- Self- Employed
- Post-Bankruptcy
- Greater Toronto Area
- Large Urban Centers
- Loan Amount*
- Up to 80% of Appraised value
- Minimum loan size $25,000
- Interest Rates**
- 2nd Mortgages starting at 10.99%
- 1st Mortgages starting at 8.99%
- Fees**
- Starting at 2.0%
- Broker Fee: Protected
- Terms
- 6-12 Months
- Fully Open Terms Available
- Required Information (If Applicable)
- Credit Application
- Credit Report
- Ownership Structure
- Appraisal
- Purchase Agreement/ MLS Listing
- Employment Information
- Net worth Statement
* Crosstown, HVI or Approved Appraisal services only. Over 70% LTV maybe subject to payment reserve.
** Premiums are added for arrears, rental property, credit, location and type of property. All deals are subject to application and commitment fee.
Commercial Lending
- Property Types
- Storefront
- Retail Plazas
- Industrial
- Office
- Commercial Land (Case by case basis)
- Loan Amount*
- Up to 65% of appraised value
- Minimum loan size $50,000
- Interest Rate**
- 1st Mortgages starting at 10.99%
- 2nd Mortgages starting at at 12.99%
- Fee**
- Starting at 2.50%
- Broker Fee: Protected
- Terms
- 6-12 Months
- Fully Open Terms Available
- Required Information (If Applicable)
- Credit Application
- Credit Report
- Ownership Structure
- Rent Roll
- Property Operating Statements
- Purchase Agreement/ MLS Listing
- Employment Information
- Environmental Report
- Building Condition Report
- AACI Appraisal
- Net Worth Statement
* Colliers or Cushman & Wakefield only. Over 70% LTV maybe subject to payment reserve.
** Premiums are added for arrears, rental proerty, credit location and type of property. All deals are subject to application and commitment fee.
Construction Lending
- Land Facility
- Zoned Residential or Commercial
- Loan Amount*
- Minimum Loan Size $50,000
- Up to 75% of Appraised value
- Funded through multiple advances
- Interest Rates**
- 1st Mortgages starting at 9.99%
- 2nd Mortgages starting at 11.49%
- Interest Reserve available for term of Construction
- Fees**
- Starting at 2.5%
- Broker Fee: Protected
- Terms
- 6 to 12 Months
- Fully Open terms available
- Required Information (If Applicable)
- Credit Application
- Credit Report
- Ownership Structure
- Appraisal as is and end value
- Employment Information
- Construction Budget
- Building Permit
- Builders Information
- Net Worth Statement
* Crosstown Appraisal services only. Advances will be determined by initial inspection and progress reports.
** Premiums are added for arrears, rental property, credit, location and type of property. All deals are subject to application and commitment fee.
