Commercial Lending

Private Commercial Mortgages

Loan to Value
  • Generally up to 65%
  • On a case-by-basis: 75%
First Mortgages
  • Rates: 8-11%
  • Lender fee: 2-3%
  • Loan amounts: 100k – $3 mln
Second Mortgages
  • Rates: 12.95-15%
  • Lender fee 3-4%
  • Loan amounts: $100k – $1 mlm
Term
  • 12 – 24 months
Amortization
  • Interest only or max. 30 years amortization
Property Type
  • Retail plazas, commercial condos, hotels, motels, banquet halls, auto garages, storefront/apartments, industrial properties, zoned/serviced land, construction
Types of Deals
  • Purchases and refinances
  • Equity takeouts
  • Bridge loan
Lending Area
  • ONTARIO: btw Kitchener and Oshawa ( north up to Barrie and south to Lake Erie ), also Ottawa
  • MANITOBA: Winnipeg
  • ALBERTA: Calgary and Edmonton