Is your project new or existing.Is your project shovel ready. Do you have all permits in place. Do you have % of CASH to add to project.
TYPICAL LENDING PARAMETERS
Loan Amount: $1 million - $50 million+
Term: 6 months to 3 years
Loan Type:
• Bridge/Acquisition loan
• Land loan
• Construction loan
• Land servicing loan
Asset class:
• Multi-residential (apartment rentals, condominiums)
• Office
• Industrial
• Retail
• Hotel
• Student Housing
• Seniors Housing
Security/Rank:
• 1st Mortgage (including partial interests for high quality assets/sponsorship);
• 2nd Mortgage (Mezzanine); or
• Joint Venture Partnerships (on a selective basis)
Loan-to-Cost: Up to 90% (depending on asset class and purpose)
Loan-to-Value:
Up to 85% (depending on asset class and purpose)
Interest Rate:4% – 10%+
Amortization: Interest only
Property Locations: Primary urban markets across Canada and the USA.