Loan Terms

Loan to Value Ratio
First mortgage loans up to 75% of value. Mezzanine loans up to 85 % of value, depending upon risk, collateral security and the borrower’s equity contribution.

Interest Rates
Interest rates are available from 8% per annum

Size of Loan
The minimum loan amount is $300,000 to a maximum of $20,000,000.

Term of Loan:
The minimum loan term is 6 months. The maximum loan term is 5 years.

Speed of Funding
Usually one week once all required information has been provided.

Flexibility of Payment Terms
Flexible repayment and partial discharge privileges are available.

Payment Frequency
Monthly

Commitment Fees
1% to 3% of the loan depending upon the complexity and merit of the project. Borrowers also pay lender’s legal fees, disbursements and applicable taxes.

Mezzanine Financing
Collateral and/or guarantor usually required.

Standby Deposit
Payment of 25 basis points (.25%) is required when we issue a term sheet. This deposit becomes earned when we issue a commitment.

Appraisals/Opinions of Value
Existing appraisals from recognised appraisers up to one year old are acceptable.