Terms and Guidelines
- Markets: Primary and secondary markets in Canada & U.S.
- Loan Amounts: $10 million–$150 million+
-
Terms:
2 months to 3 years - Amortization: Loans are typically interest only
- Interest Rates: Competitive
-
Leverage (LTV/LTC):
Typically up-to 65% LTV for land loans
65% LTV/75% LTC for construction loans
Up to 75% LTV on income-producing
properties
- Appraisals: Required
- Recourse/Guarantees: Requirements vary, on case-by-case basis
- Turnaround Time: If required information has been provided, Letter of Intent can be issued within a few days, and funding can occur within 30 days
