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We specialize in large commercial loans for
multi-unit residential, industrial & commercial
properties. We have access to a large and
diverse lender pool for acquisitions, refinance,
capital improvements, equity transfers and
equity take-outs on a wide range of property
types.
Lending parameters:
Canada wide
loan amounts starting from $1,000,000
up to 75% LTV uninsured, up to 85% CMHC insured
Lender/ Broker fee 1-2% of loan amount,
depending on complexity of transaction
Flexible terms and amortization periods
Borrower qualifying:
>personal net worth
>business financials, if self employed
Property qualifying:
>copy of the properties income and expense
financial statement for the past three years, if
applicable
>AACI appraisal, if available
>current environmental report, if available
>detailed list of major repairs or renovations
to the building over the past 3 years. |
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