PRIVATE LENDING GUIDE 2018 MORTGAGEBROKERNEWS.CA
PRIVATE
LENDING
CMP illuminates 74 private lenders from coast to coast who can find solutions for your clients
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License # 10172
Romspen Investment Corporation is a non-bank mortgage lender specializing in commercial real estate across Canada and the United States. With over $2.5 billion under administration, we offer customized mortgage solutions for term, bridge and construction financing from $5M to $100M.
WHEN OTHERS SAY ‘‘NO WAY’’ WE SAY ‘‘HERE’S HOW’’. Blake Cassidy or Pierre Leonard 800 494 0389 www.romspen.com
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PRIVATE LENDING GUIDE
PRIVATE LENDER DIRECTORY COMPANY
WEBSITE
PHONE NUMBER
COMPANY
WEBSITE
PHONE NUMBER
7 Park Avenue Financial
7parkavenuefinancial.com
416-319-5769
Lanyard Financial
lanyardgroup.com
604-688-5388
Aaron Acceptance
aaronacceptance.ca
866-434-9992
Magenta Capital Corporation
magentainvestment.ca
888-267-1744
Accepted Financial Corporation
acceptedmic.com
604-727-6111
Mandate National Mortgage Corporation
mandatemortgage.com
604-731-2899
Alta West Capital
awcapital.ca
888-554-9075
MCF Mortgages
mcfmortgages.com
416-272-0494
AP Capital
apcapital.ca
778-328-7401
Mercury Mortgages
905-273-4234
Amur Financial Group Inc.
amurfinancialgroup.ca
800-587-2161
kotharigroup.com/ mercury_mortgages
Armada Mortgage Corporation
armadamortgage.com
888-467-6449
Mid-Island Mortgage & Savings
midislandbroker.com
250-752-6944
aroi Mortgage Investment Corporation Inc.
mic.aroi.ca
902-679-0225
MorCan Financial
morcan.ca
877-732-2801
Atlantic Signature Mortgage & Loan
atlanticsignature.com
902-406-1250
Mortgagepedia
mortgagepedia.ca
416-937-2612
Atrium Mortgage Investment Corporation
atriummic.com
416-607-4209
Mortgagequote.ca
mortgagequote.ca
866-948-7283
Bancorp Financial
bancorpfinancial.com
604-608-2717
New Haven Mortgage
newhavenmortgage.com
416-636-0000
Bayfield Mortgage Professionals
bayfieldonline.com
604-533-4478
Oppono Lending Company
oppono.com
905-886-5352
Blueshore Pacifica Alternative Mortgage Centre
blueshorepacifica.com
604-899-3780
Pacifica Mortgage Investment Corporation
pacificamortgage.ca
604-899-3799
403-278-0249
Paramount Equity Financial Corporation
paramountequity.ca
905-201-2282
peacehills.com
506-455-3430
Calvert Home Mortgage Investment Corporation chmic.ca Canada Lend
canadalend.com
905-881-0242
Peace Hill Trust
Canadian Mortgages Inc.
canadianmortgagesinc.ca
855-340-8543
PHL Capital Corp
phlgroup.ca
604-575-7408
Capital Direct
capitaldirect.ca
800-814-2578
Pillar Financial Services
robinsongroup.com
613-279-2116
Capital West Mortgage
capitalwest.ca
604-899-3799
Pioneer West
pioneerwest.com
604-987-1420
Caplink
caplink.ca
888-429-0114
Poga Capital
pogacapital.com
800-919-4410
Classic Mortgage
classicmortgage.ca
888-869-4912
Premiere Mortgage
mortgagescanada.net/brokers
866-470-4404
Cooper Pacific Mortgage Investment Corporation
cooperpacific.ca
250-475-2669
Private Lender Inc.
myprivatelender.com
403-253-2022
Cove Mortgage
covemortgage.com
604-929-8156
RESCO Mortgage Investment Corporation
rescomic.ca
905-886-8786
CYR Funding
cyrfunding.com
905-731-1111
RiverRock Mortgage Investment Corporation
riverrockmic.com
647-405-2900
Effort Trust
efforttrust.ca
416-924-4680
Romspen Investment Corporation
romspen.com
416-966-1100
FamilyLending.ca Capital
familylending.ca
866-941-6678
Secure Capital Mortgage Investment Corporation
securecapitalmic.com
905-709-8633
Firm Capital Corporation
firmcapital.com
416-635-0221
Tekamar Mortgages
tekamar.ca
800-658-2345
First Circle Financial
firstcircle.ca
604-986-3200
Tembo Financial
tembofinancial.com
844-238-6717
First Source Mortgage Corporation
firstsourcemortgage.ca
416-221-2238
Terra Firm Capital
tfcc.ca
416-792-4700
Fisgard Asset Management Corporation
fisgard.com
866-382-9255
The 6ix Capital Group Corporation
the6ixcapitalgroup.com
416-596-6699
Foremost Financial
foremost-financial.com
416-488-5300
The Financing Hub
thefinancinghub.com
Ginkgo MIC
ginkgomic.com
416-901-5133
Trez Capital
trezcapital.com
Graysbrook Capital
graysbrookcapital.ca
902-229-7479
Tribecca Finance Corporation
tribecca.ca
416-225-6900
Greenpath Capital Partners
greenpathcapital.ca
647-726-1384
Unimor Capital Corperation
mortgageapprovalhelp.ca
519-255-9505
Home Fund Corp.
homefund.com
416-696-9866
Vault Mortgage Corporation
vaultmortgage.ca
416-746-3766
IC Savings
icsavings.ca
416-784-0200
Verico The Mortgage Leaders
petermenicucci.com
877-777-7308
JV Capital
jvcapital.ca
416-572-7337
VWR Capital Corp.
vwrcapital.com
866-907-5407
Kokanee Mortgage
kokaneemortgage.com
844-565-2633
Westboro MIC
westboromic.com
613-729-5764
KV Capital
kvcapital.ca
780-433-1222
This list is not a complete directory of Canada’s private lenders and MICs. If you would like to be added to the next list, please contact Trevor Biggs at trevor.biggs@keymedia.com
Featured lender
416-350-1224
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PRIVATE LENDING GUIDE
Cross-Canada index Check out the private lending options in your province Newfoundland Alberta Alta West Capital
Alta West Capital
Canadian Mortgages Inc. Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.
Atlantic Signature Mortgage & Loan
Ontario Canadian Mortgages Inc. Manitoba Canadian Mortgages Inc. Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.
FamilyLending.ca Capital First Source Mortgage Corporation Fisgard Asset Management Corporation
Canadian Mortgages Inc.
Oppono Lending Company
Graysbrook Capital
RiverRock Mortgage Investment Corporation Romspen Investment Corporation
Romspen Investment Corporation
New Brunswick
Tembo Financial
Atlantic Signature Mortgage & Loan
Greenpath Capital Partners
The 6ix Capital Group Corporation
Canadian Mortgages Inc.
Magenta Capital Corporation
VWR Capital Corp.
Graysbrook Capital Romspen Investment Corporation
Prince Edward Island Atlantic Signature Mortgage & Loan Canadian Mortgages Inc. Graysbrook Capital Romspen Investment Corporation
British Columbia Alta West Capital Blueshore Pacifica Alternative Mortgage Centre Canadian Mortgages Inc.
Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.
Saskatchewan Fisgard Capital Corporation Romspen Investment Corporation VWR Capital Corp.
Quebec
Nova Scotia
Romspen Investment Corporation
Atlantic Signature Mortgage & Loan Canadian Mortgages Inc. Graysbrook Capital Romspen Investment Corporation
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ALTA WEST CAPITAL underemployed, those who are blocked by the new rules
awcapital.ca
Terms: One year, open Rate type: 7.99%
888-554-9075 Lending markets: BC, Alberta, Ontario Niche/focus: Business-for-self
Property type: Single-family, townhouses, condos
Maximum amortization: Interest-only or any amortization the broker needs
Purpose: Purchase, refinance, equity take-out, foreclosure/power of sale
Products: 85% LTV first, second and third mortgages
Maximum LTV: 85%
Customer type: Self-employed,
Minimum Beacon: None
Fees: Yes Preferred loan amount: $20,000 to $1.2 million
ATLANTIC SIGNATURE MORTGAGE & LOAN atlanticsignature.com 902-406-1250 Lending markets: Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland – urban and rural community centres Niche/focus: Residential, incomeproducing multi-units, renovation and construction, small commercial mixeduse, land
Customer type: Consumer, small business, developer, experienced builder
Minimum Beacon: None
Property type: Single-family, multiples, large homes, mixed-use, condos, land
Rate type: Fixed
Purpose: Common-sense solutionbased lending for bridge financing purposes Maximum LTV: 80% for residential in urban core, 65% for commercial, 50% for land
Terms: Typically one year
Maximum amortization: Typically interest-only Fees: 4% lender fee Preferred loan amount: $50,000 to $3 million
Products: First and second mortgages
info@atlanticsignature.com | 902.406.1250
get paid
TWICE*
YOU CAN HAVE YOUR CAKE AND EAT IT TOO • Prompt • Professional • Customer Focused Short-term lending solutions for Atlantic Canada’s major urban and rural communities. From $25,000 to $3,000,000.
Call us today: 902.406.1250 *Earn applicable referral fees on bridge financing and then on the take out financing. Contact us for details.
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PRIVATE LENDING GUIDE
BLUESHORE PACIFICA ALTERNATIVE MORTGAGE CENTRE blueshorepacifica.com
Property type: Residential properties
604-899-3780
Purpose: Purchase, refinance and equity take-out
Lending markets: BC – Greater Vancouver and larger regions Niche/focus: Common-sense lending for borrowers with realistic repayment plans
Rate type: Fixed or floating
Maximum LTV: 75%
Maximum amortization: Interest-only or 30-year maximum
Minimum Beacon: None; credit to be reviewed on a case-by-case basis
Fees: 2%, typically split with the broker
Terms: One year for Pacifica; one to three years for Blueshore Financial
Preferred loan amount: $100,000 to $10 million; maximum of $4 million with Blueshore Financial
Customer type: Salaried, selfemployed, corporations, good or bad credit
Minimum Beacon: None
Products: First and second mortgages
CANADIAN MORTGAGES INC. canadianmortgagesinc.ca 855-340-8543 Lending markets: Ontario-wide, British Columbia (urban markets), Alberta (Tier 1 and Tier 2 cities), Manitoba (Winnipeg and Brandon) and the Maritimes (major metros only) Niche/focus: Residential owneroccupied, rentals, renovation, commercial (retail, multi-family, office, medical, light industrial) and land (prime infill or development land in urban markets) Products: First, second and low-LTV third mortgages (residential only)
Terms: One year standard; shorter or longer on exception
Property type: Single-family up to four units in all markets, incomeproducing commercial (urban Ontario only), development/zoned land (urban Ontario only), construction financing (urban Ontario only)
Rate type: Fixed Maximum amortization: Typically interest-only Fees: Case-by-case, $1,000 minimum
Purpose: Renovation, bridge loans and/or debt consolidation Maximum LTV: Up to 80% in BC and Ontario major centres; 75% elsewhere; 70% rural. For commercial, 65% to 75% in major markets; less in smaller markets
Preferred loan amount: $50,000 to $5 million; minimum $1 million for commercial firsts and $500,000 for commercial seconds
NEED A BIGGER DEPOSIT AND SHORT ON TIME? CLIENT IN NEED OF A RENOVATION TO SELL BUT SHORT OF FUNDS? Tembo Financial is your fast, innovative and non-traditional lender offering flexibility and creative solutions to close deals quickly! Whether it’s a short-term equity advance, bridge loan or a 1 year term, Tembo offers solutions!
48 H urs
Funds ready in as little as 48 hours. Fully open loans, Competitive fees.* Visit tembofinancial.com Call 1-844-238-6717
BRIDGE LOANS • DEPOSIT LOANS • RENOVATION LOANS BEFORE SALE • 1ST MORTGAGE • 2ND MORTGAGE *Subject to qualification. FSCO License No. 12598
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PRIVATE LENDING GUIDE
FAMILYLENDING.CA CAPITAL familylending.ca 866-941-6678
Property type: Commercial, farm, industrial, high-rise commercial or residential, residential subdivision developments
Rate type: Fixed based on risk analysis
Purpose: Debt consolidation, construction, acquisition, business expansion, startups and other business purposes
Fees: Minimum 1.5% for brokerage and post-advance mortgage administration; minimum 2.0% for underwriting
Maximum LTV: Up to 80%, depending on opportunity
Preferred loan amount: $250,000 to $10 million
Maximum amortization: None
Lending markets: Ontario Niche/focus: Agricultural, commercial and residential developments Products: Term loans supported by mortgage security, with interest-only payment options available
Minimum Beacon: 500 Customer type: Individual or corporate borrowers
Terms: Six months to two years, interest-only
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FIRST SOURCE MORTGAGE CORPORATION firstsourcemortgage.ca
investors, business owners
416-221-2238
Property type: Development land, industrial, commercial (including stores and apartments, plazas, flagged gas stations, flagged hotels)
Lending markets: Ontario – London to Ottawa; prefer population centres of 25,000+ Niche/focus: Non-bank commercial, multi-residential, development land, retail, industrial, gas stations, hospitality
Purpose: Acquisitions, construction projects, renovations of existing properties, refinances, equity take-out or bridge financing against future development or future sales
Products: First mortgages
Terms: One to two years; lender fee; closed six months then open on one-month bonus Rate type: Fixed Maximum amortization: Interest-only Fees: Varies; competitive Preferred loan amount: $1 million to $10 million
Maximum LTV: 75% Customer type: Experienced builders, developers, real estate
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Minimum Beacon: None
22/10/2018 1:15:30 PM
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PRIVATE LENDING GUIDE
FISGARD ASSET MANAGEMENT CORPORATION builders), commercial borrowers, recent bankruptcy, in foreclosure or consumer proposal
Maximum amortization: Most are interest-only but can be amortized (negotiable)
Property type: Residential (owneroccupied, rentals, recreation/vacation, student housing), construction (singlefamily, multi-family, renovation), commercial (retail centres, offices, mixed-use, fully tenanted industrial, condo inventory, lot inventory)
Fees: • Residential: No lender fee, no renewal fee (on first renewal and if paid as agreed), no prepayment penalties (fully open) • Construction: 2% • Commercial: 1%+
Niche/focus: Fisgard is a niche lender that fills the void for conventional, Alt A and B lenders and Canadian mortgage consumers who require ‘outside the banking box’ mortgage financing. Fisgard is often referred as a C+ and no-fee lender
Maximum LTV: 75%
Preferred loan amount: $30,000 to $5 million (will participate in larger loans)
Products: Residential first and second mortgages, construction, commercial
Rate type: • Residential first: 7.5% – 10.5% (up to 75%) • Residential second: 10.5% – 13.85% (up to 75%) • Construction: 8.5%+ • Commercial: 7%+
fisgard.com 866-382-9255
Lending markets: • BC, Alberta, Manitoba and Ontario (as Fisgard Asset Management Corporation) • Saskatchewan (as Fisgard Capital Corporation)
Customer type: Business-for-self, stated income, bruised credit, low-doc, income-challenged, CRA issues, new to Canada, bridge/interim financing, short-term financing (up to two years), builders (including owner-
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Minimum Beacon: None Terms: No lender fees (residential only), fully open after one month, up to two years
GRAYSBROOK CAPITAL graysbrookcapital.ca 902-222-2670 Lending markets: Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island Niche/focus: Residential first/ second, commercial, construction, CRA debt, credit repair, purchase, refinance, equity take-out
Products: Alternative to 75% LTV, business-for-self, high debt ratios, poor credit, rentals and secondary homes, draw mortgages (construction and/or renos), construction LOC
Maximum LTV: Up to 80%
Property type: Residential and commercial
Rate type: Interest-only
Minimum Beacon: None Terms: 12% on first, 14% on second
Preferred loan amount: $150,000 to $2 million
Purpose: Lending solutions for clients who don’t qualify for traditional mortgages
GREENPATH CAPITAL PARTNERS greenpathcapital.ca 647-726-1384 Lending markets: Ontario – Toronto, Halton, Peel, York, Durham, Hamilton, Simcoe County, Northumberland County, Guelph, Kitchener, Waterloo and Cambridge Niche/focus: Residential and commercial property financing for borrowers who might not qualify at traditional institutions
Products: First, second and third mortgages
Terms: One year; shorter or longer on exception basis
Customer type: Individuals – salaried, self-employed, bruised credit
Rate type: Fixed Property type: Single-family, townhouses, condos, multi-unit, commercial property
Maximum amortization: Interest-only Fees: Start at 1%, subject to loan amount and risk assessment
Purpose: Refinance, purchase, debt consolidation, equity take-out
Preferred loan amount: No minimum; up to $1.5 million
Maximum LTV: 80% for first and second mortgages, 82.5% for third
eXPeRts
talk to the experts in private lending
Fisgard is one of Canada’s largest private Mortgage Investment Corporations and a leader in private and alternative lending solutions. BC to ontarIo
Minimum Beacon: None
. no lender Fee . Fully open . Interest only payMents
asset management corporation
For all deal inquiries contact:
Hali noble t: m: e: w:
866.382.9255 250.480.8883 newdeal@fisgard.com fisgardmortgage.com
Residential • CommeRCial • ConstRuCtion British Columbia Brokerage #X022176 | Alberta Brokerage #MW-1411086 | Ontario Brokerage #12560 Admin #12500
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PRIVATE LENDING GUIDE
MAGENTA CAPITAL CORPORATION magentainvestment.ca 888-267-1744 Lending markets: Eastern and Southwestern Ontario, primarily urban settings and small centres Niche/focus: Situational lender, owner-occupied properties, single and multi-unit rental properties, student rentals, raw land
Customer type: Self-employed, salaried, bruised credit, new to Canada, foreign buyers and non-traditional income sources
closed; interest-only and payment accrual available
Property type: Single-family, multi-unit residential, student properties, condos
Maximum amortization: 40 years
Purpose: Purchase or refinance; bridge lending available Maximum LTV: 85%
Products: First and second residential mortgages, seasonal properties, lot and land, equity lending, ‘no-doc’ and ‘stated income’ products
Rate type: Fixed
Fees: Starting at 2.5%, fees are typically capped, and exceptions may apply in unique circumstances Preferred loan amount: Residential properties up to $750,000; no minimum loan amount
Minimum Beacon: None Terms: One to two years, open or
FARM MORTGAGES
Len Are ding Ont a is a Onl rio y
Help your Clients...
• Loans from $100,000 to $10,000,000 • Loans up to 70% value of land
Call Us Today!
Contact Robb Today! Robb Nelson, Broker Chief Executive Officer
1-866-941-6678 www.FamilyLending.ca 10 www.mortgagebrokernews.ca
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OPPONO LENDING COMPANY oppono.com
Customer type: Not specific
905-886-5352
Property type: Single-family detached, duplexes, townhouses, land, condos, construction, bridge financing
Lending markets: Ontario (GTA and Golden Horseshoe) Property type: Common-sense equity-based lending on residential properties (commercial properties on exception). As an equity-based lender, we are not limited to a specific market type, GDS/TDS limits or proof of income
Maximum amortization: 25 years or interest-only Fees: Starting at 2.5% Preferred loan amount: Under $1.75 million
Purpose: Equity lending Maximum LTV: 75% (80% on a case-by-case basis) Minimum Beacon: None Terms: One to two years
Products: First, second and occasional third mortgages
Rate type: Fixed/closed
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PRIVATE LENDING GUIDE
PREMIERE MORTGAGE previous bankruptcy, BFS clients who can’t prove income the traditional way
mortgagescanada.net/brokers 866-470-4404
Property type: Residential properties – detached, semi-detached, condos, townhomes, duplexes, mobile homes on own land, rentals, owner-occupied properties
Lending markets: BC, Alberta, Manitoba Niche/focus: Private equity lending Products: First and second mortgages in both urban and rural areas
Minimum Beacon: None Terms: One- to three-year terms available Rate type: Fixed Maximum amortization: Interest-only, up to 30 year amortization
Purpose: Purchase or refinance Fees: Deal-dependent Maximum LTV: Up to 75% in urban centres; 65% in small towns or rural areas
Customer type: Those declined by traditional lenders/banks, CRA issues,
Preferred loan amount: Up to $500,000
RIVERROCK MORTGAGE INVESTMENT CORPORATION Customer type: BFS, new to Canada, bruised or damaged credit
riverrockmic.com 647-405-2900
Property type: Residential urban and suburban properties
Lending markets: Ontario
Maximum LTV: 80%
Products: First and second mortgages
BUSINESS DEVELOPMENT (BC/AB)
tim@awcapital.ca T 403.254.9075 x 224 C 403.928.5436 awcapital.ca
Rate type: Starting at 7.99% for first mortgages and 10.49% for second Maximum amortization: None
Purpose: Help mortgage brokers service alternative mortgages
Niche/focus: Asset-based lending; flexible on proof of income, credit and servicing ratio
Tim Hurlbut
Terms: One year
Minimum Beacon: None
Fees: 1% to 3% Preferred loan amount: Between $50,000 and $750,000 for first mortgages; $25,000 to $350,000 for second; exceptions made case-by-case
85%
Chris Reid
BUSINESS DEVELOPMENT (ON)
chris@awcapital.ca T 888.554.9075 x 236 C 647.705.9480 awcapital.ca
LOAN-TO-VALUE
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ROMSPEN INVESTMENT CORPORATION romspen.com 416-966-1100
Property type: Commercial, industrial, development, hospitality, specialpurpose properties
Lending markets: Canada and the US
Purpose: Purchase, refinance
Niche/focus: Commercial mortgages
Maximum LTV: 75%
Products: Term, bridge, construction mortgages
Minimum Beacon: None
Maximum amortization: Interest-only and flexible amortizations Fees: From 2% of loan amount, plus lender’s legal fees and disbursements Preferred loan amount: $5 million to $100 million
Terms: Up to five years Customer type: Commercial borrowers Rate type: 7.75% and higher
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ALTERNATIVE LENDING MADE EASY. RiverRock Mortgage Investment Company (MIC) is a leading and trusted non-bank lender in Ontario. We offer residential 1st & 2nd mortgages on marketable properties in urban and suburban areas in Ontario up to 80% LTV. We are committed to a common sense approach to underwriting. Learn more on how we are flexible on proof of income, credit and servicing ratios.
416.504.1886 WWW.RIVERROC KMIC.C OM The Manager, RiverRock Management Inc., is licensed as a Mortgage Administrator through the Financial Security Commission of Ontario (FSCO). Mortgage Administrator License # 12514.
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PRIVATE LENDING GUIDE
TEMBO FINANCIAL Customer type: Customers requiring bridge or interim financing; good or bad credit
Terms: One year or shorter
Property type: Single-family, condos, multi-family, commercial, mixed-use
Maximum amortization: Interest-only
Lending markets: Ontario Niche/focus: Short-term exit strategy, common-sense, equitybased residential lending with some commercial
Purpose: Deposit loans, bridge loans, renovation before sale, debt consolidation, moving expenses, purchases, refinancing, equity take-out
Products: Deposit loans, equity advances, bridge loans, and first, second and low-LTV third mortgages
Maximum LTV: 85% in Ontario major cities on an exception basis; otherwise 75% to 80%
tembofinancial.com 844-238-6717
Rate type: Fixed
Fees: Considered on a deal-by-deal basis Preferred loan amount: $20,000 to $2.5 million
Minimum Beacon: None
Creative Non-Bank Mortgage Solutions For Commercial Real Estate
When Your Commercial Deal Needs The Right Lender… Who can provide you with the guidance, skill, knowledge, speed and creativity to over deliver on client needs and demands. We are that Lender. Call us on your next commercial mortgage transaction between $500,000 and $10 million and we’ll prove it! Land • Land Servicing • Construction • Office • Industrial • Retail • Plaza • Special Purpose • Gas Station • Hotel • Bridge Loans • First Mortgages • Acquisition • Refinance
Call: 416-221-2238 • David Mandel x22 • Skip Walters x25 • Lisa Collis x33 • Paul Labelle x27 Principal Broker First Source Mortgage Corporation (License # 10434) Principal Administrator First Source Financial Management Inc. (License # 12594)
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THE 6IX CAPITAL GROUP CORPORATION the6ixcapitalgroup.com 416-596-6699 Lending markets: Greater Toronto Area
Property type: Single-family dwelling – owner-occupied, rentals, condos/townhouses (low- or high-rise), multi-unit residential (up to four-plexes), mixed use Maximum LTV: 85%
Niche/focus: Residential equitybased mortgages
Minimum Beacon: 500
Products: First and second mortgages
Terms: Six to 18 months
Customer type: Self-employed, bad credit, bridge financing, debt consolidation
Rate type: Starting at 7.99% for first mortgages; 9.99% for second mortgages
Maximum amortization: Interest-only Fees: Up to 2%; assessed on a deal-by-deal basis Preferred loan amount: $50,000 to $3 million
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PRIVATE LENDING GUIDE
VWR CAPITAL CORP. vwrcapital.com 866-907-5407
Lending markets: BC, Alberta, Saskatchewan, Manitoba, Ontario
Property type: Single-family, townhouses, condos, row homes, serviced land, raw land, multi-family Purpose: Financing for borrowers who might not qualify at traditional institutions
Niche/focus: Residential
Rate type: Fixed Maximum amortization: Up to 35 years; interest-only mortgages available Fees: Starting at $750 for first mortgages; $500 for second and third mortgages
Maximum LTV: 75% Products: First, second and third mortgages Customer type: Individuals, holding companies, operating companies, non-residents and more
Preferred loan amount: $25,000 to $2.2 million
Minimum Beacon: None Terms: One year – open mortgages available
Quick. Simple. Approved.™ Residential equity based lending in:
British Columbia Alberta Manitoba
1st, 2nd mortgages considered for any purpose NO credit or beacon score requirements No debt servicing requirements NO income verification needed in most cases Residential in urban areas - Up to 75% LTV Residential in smaller towns - Up to 65% LTV Mortgages up to $500K preferred
Send in your deals! lending@premhome.ca 1-866-460-4409 www.mortgagescanada.net/brokers
16 www.mortgagebrokernews.ca
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Email lender notes, application, and credit bureaus to:
deals@vwrcapital.com D IMITRI K OSTUROS
Chief Operating Officer dimitri@vwrcapital.com
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P AULA H UTTON
BDM - Prairies paula@vwrcapital.com
1/11/2018 6:33:38 AM
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