COMMERCIAL LENDING GUIDE
M F MCAP FINANCIAL – COMMERCIAL MORTGAGES GROUP (CMG) mcap.com/commercial-mortgages Adrian Ransome: 647-335-0496 Andrew Ramdeholl: 416-591-2712 Derek Read: 416-847-3525 George Mejury: 416-368-8837
Lending markets: National – major urban centres, primary and secondary markets across Canada
transaction and borrowers/guarantors
Products: Insured and uninsured (conventional) first and second mortgages
Rate type: Spread over applicable GOC
Customer type: Investor/owners, experienced property managers
Jacques Pelletier: 438-822-0265 Jordan Forfar: 647-884-9205 Leo St. Germain: 416-847-3870 Rock Wang: 416-591-5201 TJ Lee: 403-398-4691 Vito Campisi: 416-605-5763
Property type: Insured commercial lending for multi-family, retirement and student residences; conventional commercial lending for storefronts, multi-family, plaza commercial and industrial
Terms: One to 10 years, fixed or open
• • •
Maximum amortization: Up to 40 years Fees: No lender’s fee for insured commercial lending; up to 1% lender’s fee for conventional commercial lending Preferred loan amount: Greater than $2 million
Maximum LTV: Up to 85% for insured commercial lending; up to 85% (combined) for conventional commercial lending Minimum Beacon: N/A; MCAP will review entire strength of the
EMPIRICAL CAPITAL CORP. (“EMPIRICAL”) is a private commercial real estate lender that was founded by Mickey Baratz and Abby Strahl, having over 40 years related experience.
MICKEY BARATZ, C.A., AMP., CPMB BROKERAGE #12903 MORTGAGE BROKER LIC. #M08000714
EMPIRICAL CAPITAL CORP. 4950 YONGE STREET, SUITE 1706 TORONTO, ON M2N 6K1 T: 416-840-6892 C: 416-986-3688
www.empiricalcapital.ca
EMPIRICAL specializes in providing land financing for residential / commercial land acquisition and debt refinancing while awaiting development approval, with loan amounts ranging from $3M to $25M. EMPIRICAL is a lender of choice for small to medium sized developers. By applying the right mix of innovative and creative lending practices, experience and in-depth knowledge of the industry, EMPIRICAL maximizes Borrowers’ needs while meeting the risk considerations of its investors.
Y
M
o
&
M
a
w
16 www.mortgagebrokernews.ca
IFC-17_Commercial guide-SUBBED.indd 16
22/02/2018 1:49:47 AM