Commercial Lending

Private Commercial Mortgages

Loan to Value
  • Generally up to 65%
  • On a case-by-case basis: 75%
First Mortgages
  • Rates: 8 - 11%
  • Lender fee: 2%
  • Loan amounts: 100K - $4mln
Second Mortgages
  • Rates: 12 - 15%
  • Lender fee: 3%
  • Loan amounts: $100K - $1mlm
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