Here are the details of our commercial and multi-family lending program:
- Maximum LTV: 75%
- Term: 6 month, 12 month, 24 month
- Amortization: Interest only
- Mortgage Rate: Deal specific, rates start at 9.00%
- Minimum mortgage: $150,000
- Property Location: All municipalities within Ontario with a minimum population of 5,000 will be considered, LTV may be reduced for smaller municipalities
- Minimum Beacon: No minimum beacon
- Guarantees Required: Corporate plus Personal Guarantees
- Commitment Fee: $1,000
- Lender Fee: Starting at 3.00%