Loan Guidelines

PROVIDING CERTAINTY QUICKLY

While every loan is structured to meet individual circumstances, our general lending criteria is outlined below:

General criteria

  • Loan sizes: $500,000 – $10,000,000
  • Interest only or amortizing
  • Loans can be structured to include an interest reserve
  • Funding of up to 100% of project costs
  • Recognition of equity created by borrower
  • First mortgage interest rates from 7% to 12%
  • Second mortgage interest rates from 11% to 15%

Land Financing

  • First mortgages up to 75% of appraised value
  • Second mortgages up to 85% of appraised value
  • Rezoning, land assembly, land inventory and land servicing

Construction Financing

  • First mortgages up to 75% of appraised value
  • Second mortgages up to 85% of appraised value, 100% of cost
  • Includes single and multi-family, renovation, conversion, inventory, office, retail and industrial

Income producing properties

  • First mortgages up to 75% of appraised value
  • Second mortgages up to 85% of appraised value
  • Includes rental apartments, industrial, retail and office

Communities

  • British Columbia and Alberta

These are only guidelines and provide a framework from which we generally underwrite.  Please contact us if you would like to discuss your mortgage loan requirement or receive a specific quote.  We would be pleased to hear from you.