Our Lending Services

At Romspen, we’re looking to provide capital to compelling real estate estate opportunities that don’t necessarily “check all the boxes” for a big bank or other traditional lenders.
If you’re an innovative and experienced sponsor with a compelling project or a mortgage broker acting on behalf of such a project, we want to hear from you.

  • Types of loans:
    • Pre-development and subdivision servicing facilities
    • New residential and commercial construction facilities
    • Revolving loan facilities for new construction and builder inventory
    • Renovation, conversion and expansion financing
  • Streamlined draw process to meet project requirements
  • Structures of construction loans vary according to transaction requirements and are flexible and tailored to meet borrowers’ specific needs
  • Term loans for many property types and unique borrower circumstances
  • Conventional interest-only or amortizing loans with a fixed interest rates
  • Acquisition financing and property refinancing
  • Structures vary according to transaction type and are flexible and customized to meet a borrower’s unique requirements
  • Short-term bridge financing solutions with fast turnaround
  • Bridge the arrival of longer-term financing from a conventional institutional lender or to provide time to value-enhance a project or property type prior to sale
  • Bridge financing covers conventional and non-conventional situations with terms from 1 month to 1 year

Property Types
(Canada & U.S.)

  • Commercial buildings
  • Hotels and hospitality
  • New residential condominium construction
  • Retirement and nursing home facilities
  • Development lands
  • Apartment buildings
  • Automotive dealerships
  • Industrial buildings
  • Recreational resort properties
  • Plazas and shopping centers
  • Cinemas
  • Places of worship
  • Parking lots
  • Multi-family residential
  • Recreation-vehicle parks
  • Private schools
  • Subdivision servicing
  • Builder inventory loans
  • Condominium conversion projects
  • Storage facilities
  1. Deal submitted
    (through a broker or directly from borrower)

  2. Romspen’s
    origination team
    performs preliminary review, qualifies deal:
    24 hours

  3. Romspen issues
    letter of intent (“LOI”): three to five days

  4. Borrower reviews financing terms;
    if acceptable, borrower signs back

  5. Romspen performs due diligence (verification of documents, borrowers claims, market research, financial underwriting)

  6. Site visit and in-person meeting with borrowers

  7. Commitment
    Letter issued
    (two to three weeks from issue to execution)


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