Commercial Lending

Private Commercial Mortgages

Loan to Value	Generally up to 65% On a case-by-basis: 75%
First Mortgages	Rates: 8-11% Lender fee: 2-3% Loan amounts: 100k – $3 mln
Second Mortgages	Rates: 12.95-15% Lender fee 3-4% Loan amounts: $100k – $1 mlm
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