You will deal directly with a Mortgage Broker who will analyze the file quickly. We will pre-qualify your request for funds and provide you with expert advice without obligation.
Our target lending area is the GTA although we will consider applications anywhere in Ontario.
No – there are no maximum loan amounts.
We consider first and 2nd mortgage positions.
Our maximum loan is based on the project.
Our rates are competitive and often better than you will find with other brokers.
Our fee is normally 1.50%-2.00% of the loan amount.
Usually we can pre-qualify a loan within 24 hours and fund as soon as due diligence is completed – normally within 1 to 3 weeks.
Our maximum term is 1 – 2 years.
Loans can be negotiated with a minimum or open prepayment privilege.
Construction loans are advanced as work is completed on the project. Advances are processed subject to inspection, usually within 48 hours of inspection.