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Residential Mortgage

We are experienced in all forms of residential underwriting, purchases, refinances (debt consolidations), equity take-out, home improvements, tuition fees, investment and recreational properties

We can arrange financing on a purchase, or refinance the following types of properties:

  • Single Family
  • Semi's
  • Townhouses
  • Condominiums
  • Rental properties
  • Duplex up to a Fiveplex
  • Co-ownerships, Co-ops
  • Cottages properties and Hobby Farms

 

Commercial Mortgage

We can arrange financing on a purchase, or refinance the following types of properties:

  • Store-front/apartment(s)
  • Commercial condominiums
  • Small apartment buildings
  • Large apartment buildings
  • Land
  • Churches or places of worship
  • Industrial buildings
  • Home construction financing

 

Multi-Residential / 5 Plexes +

WE FINANCE APARTMENT BUILDINGS THROUGHOUT ONTARIO

  • Competitive rates, terms, and products tailored to your specific deal

  • PURCHASES in GTA and Major Centers

  • 70-75% LTV at DISCOUNTED RATES

  • Refinances also considered

  • Environmental and building condition report only required over 12 units

  • $250,000-$30,000,000 available for those who qualify

 

 

SECOND MORTGAGE / HOME EQUITY TAKE-OUT PROGRAM

I have access to lenders that they are “Equity based Lenders” and they take “COMMON SENSE” approach when assessing a deal, they review each deal based on its own merits.   Clients can use the funds for Investment Purposes, Home Renovation, Consolidating Credit Cards, paying for their children’s education or even assist their loved ones, or whatever their specific need(S) may be, our “HOME EQUITY LOAN” can help you accomplish all these.    

Individuals who have been “DISCHARGED FROM BANKRUPTCY” are eligible for  this product (Re-established credit not required).    

We realize the importance of providing you with “FLEXIBILITY” as a result, we offer convenient and flexible 1 or 2 year terms with amortization up to 25 years.

“INTEREST ONLY PAYMENT OPTION"  enable individuals to lower their monthly payment with this option you will have peace of mind knowing that you will have a payment which you can comfortably manage.    

LOAN GUIDELINES:

  • AMOUNT:  Up to $250,000  
  • LOAN TO VALUE: Up to 85% (GTA & Surrounding Area) (90% LTV on exceptional deals)  
  • TERM: 1 OR 2 YEARS  
  • PAYMENT OPTIONS: Interest only or Amortized up to 25 Years (Principal  & Interest)  
  • CREDIT SCORE: No Minimum Beacon   INTEREST RATE: 12.99% - 16.99%  
  • EMPLOYMENT STATUS: Salary, Commissioned, Self Employed, Contract, Seasonal

 

Storefront Lending Program

  • Special Rate as low as 5.35%*

  • Maturity date April 2007

  • 22 month term -fixed rate /20 yr amortization

  • CASH TO MORTGAGE PURCHASES ONLY

  • NO environmental or building reports required

  • Owner/occupied or investor

  • Lender fee negotiable

  • Minimum loan size $100,000

  • 65%-70% LTV on purchases in GTA including Oakville, Burlington, Newmarket, Oshawa, Ottawa, etc.

  • 75% LTV on exception basis

  • 60%-65% LTV on REFINANCES

 

INVESTMENT PROPERTY FINANCING

  • Apartment building 1st, 2nd & 3rd mortgages for purchases, refinancing, and renovation purposes, short bridge loans and long term fixed rate loans.
  • Mobile Home Parks (Manufactured Home Communities), 1st & 2nd mortgages for purchases, refinancing, and development expansion.
  • First Mortgages for industrial, commercial and retail properties, including warehouses, stores & apartments, and all types of income producing properties.
  • Mid-size Commercial 1st mortgages on retail stores with apartments above.

 

Custom Home Construction Mortgage

  • Loan  Amount : $200,000 to $4,000,000
  • Interest Rate : First Mortgages from 8.25%
  • Second Mortgages from 9.25%*
  • Land Facility : Up to 75% of Lot Purchase Price or Appraised Value
  • Construction Facility: Up to 100% of Hard Construction Costs
  • Lender’s Fee : 1.0% - 2.0% of Loan Amount (Subject To Loan To Value)
  • Prepayment : Fully open
  • Debt Service : Interest Reserve Available for the Term of Construction

 

 

 

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Last modified: 2008-06-09


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