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Terms and Guidelines
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Commercial Real Estate Financing Terms and Guidelines

Lending Area:
Canada & selective US locations
Minimum/Maximum Loan Amount:
From $4 to $100 million
Minimum/Maximum Term:
From 2 months to 3 years
Amortization:
Interest only or flexible amortization
Rate:
Varies depending on circumstances
Second Mortgages:
To successfully structure certain types of loans, we will take second mortgage charges that facilitate a first mortgage financing subject to a minimum loan balance – typically these would price out slightly higher
Payment Frequency:
Monthly – in some cases loans can include an interest reserve
Rate Hold:
Varies, based on market conditions
Loan to Value:
Up to 65% on commercial/ industrial/land and construction loans, higher loan-to-value ratios will be considered with collateral security. Up to 75% on select income producing multi-residential/commercial/industrial properties.
Appraisals/Opinions of Value:
Existing appraisals from a qualified appraiser up to 1 year old are acceptable for commercial real estate financing
Recourse/Guarantor:
Usually required
Turn Around Time:
Once we have the salient information, we can usually provide a Letter of Intent within a few days, and approve a loan within two weeks
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