CMP 13.11 Private Lending Guide

PRIVATE LENDING GUIDE 2018 MORTGAGEBROKERNEWS.CA

PRIVATE

LENDING

CMP illuminates 74 private lenders from coast to coast who can find solutions for your clients

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License # 10172

Romspen Investment Corporation is a non-bank mortgage lender specializing in commercial real estate across Canada and the United States. With over $2.5 billion under administration, we offer customized mortgage solutions for term, bridge and construction financing from $5M to $100M.

WHEN OTHERS SAY ‘‘NO WAY’’ WE SAY ‘‘HERE’S HOW’’.

Blake Cassidy or Pierre Leonard 800 494 0389 www.romspen.com

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PRIVATE LENDING GUIDE

PRIVATE LENDER DIRECTORY COMPANY

WEBSITE

PHONE NUMBER

COMPANY

WEBSITE

PHONE NUMBER

7 Park Avenue Financial

7parkavenuefinancial.com

416-319-5769

Lanyard Financial

lanyardgroup.com

604-688-5388

Aaron Acceptance

aaronacceptance.ca

866-434-9992

Magenta Capital Corporation

magentainvestment.ca

888-267-1744

Accepted Financial Corporation

acceptedmic.com

604-727-6111

Mandate National Mortgage Corporation

mandatemortgage.com

604-731-2899

Alta West Capital

awcapital.ca

888-554-9075

MCF Mortgages

mcfmortgages.com

416-272-0494

AP Capital

apcapital.ca

778-328-7401

Mercury Mortgages

905-273-4234

Amur Financial Group Inc.

amurfinancialgroup.ca

800-587-2161

kotharigroup.com/ mercury_mortgages

Armada Mortgage Corporation

armadamortgage.com

888-467-6449

Mid-Island Mortgage & Savings

midislandbroker.com

250-752-6944

aroi Mortgage Investment Corporation Inc.

mic.aroi.ca

902-679-0225

MorCan Financial

morcan.ca

877-732-2801

Atlantic Signature Mortgage & Loan

atlanticsignature.com

902-406-1250

Mortgagepedia

mortgagepedia.ca

416-937-2612

Atrium Mortgage Investment Corporation

atriummic.com

416-607-4209

Mortgagequote.ca

mortgagequote.ca

866-948-7283

Bancorp Financial

bancorpfinancial.com

604-608-2717

New Haven Mortgage

newhavenmortgage.com

416-636-0000

Bayfield Mortgage Professionals

bayfieldonline.com

604-533-4478

Oppono Lending Company

oppono.com

905-886-5352

Blueshore Pacifica Alternative Mortgage Centre

blueshorepacifica.com

604-899-3780

Pacifica Mortgage Investment Corporation

pacificamortgage.ca

604-899-3799

403-278-0249

Paramount Equity Financial Corporation

paramountequity.ca

905-201-2282

peacehills.com

506-455-3430

Calvert Home Mortgage Investment Corporation chmic.ca Canada Lend

canadalend.com

905-881-0242

Peace Hill Trust

Canadian Mortgages Inc.

canadianmortgagesinc.ca

855-340-8543

PHL Capital Corp

phlgroup.ca

604-575-7408

Capital Direct

capitaldirect.ca

800-814-2578

Pillar Financial Services

robinsongroup.com

613-279-2116

Capital West Mortgage

capitalwest.ca

604-899-3799

Pioneer West

pioneerwest.com

604-987-1420

Caplink

caplink.ca

888-429-0114

Poga Capital

pogacapital.com

800-919-4410

Classic Mortgage

classicmortgage.ca

888-869-4912

Premiere Mortgage

mortgagescanada.net/brokers

866-470-4404

Cooper Pacific Mortgage Investment Corporation

cooperpacific.ca

250-475-2669

Private Lender Inc.

myprivatelender.com

403-253-2022

Cove Mortgage

covemortgage.com

604-929-8156

RESCO Mortgage Investment Corporation

rescomic.ca

905-886-8786

CYR Funding

cyrfunding.com

905-731-1111

RiverRock Mortgage Investment Corporation

riverrockmic.com

647-405-2900

Effort Trust

efforttrust.ca

416-924-4680

Romspen Investment Corporation

romspen.com

416-966-1100

FamilyLending.ca Capital

familylending.ca

866-941-6678

Secure Capital Mortgage Investment Corporation

securecapitalmic.com

905-709-8633

Firm Capital Corporation

firmcapital.com

416-635-0221

Tekamar Mortgages

tekamar.ca

800-658-2345

First Circle Financial

firstcircle.ca

604-986-3200

Tembo Financial

tembofinancial.com

844-238-6717

First Source Mortgage Corporation

firstsourcemortgage.ca

416-221-2238

Terra Firm Capital

tfcc.ca

416-792-4700

Fisgard Asset Management Corporation

fisgard.com

866-382-9255

The 6ix Capital Group Corporation

the6ixcapitalgroup.com

416-596-6699

Foremost Financial

foremost-financial.com

416-488-5300

The Financing Hub

thefinancinghub.com

Ginkgo MIC

ginkgomic.com

416-901-5133

Trez Capital

trezcapital.com

Graysbrook Capital

graysbrookcapital.ca

902-229-7479

Tribecca Finance Corporation

tribecca.ca

416-225-6900

Greenpath Capital Partners

greenpathcapital.ca

647-726-1384

Unimor Capital Corperation

mortgageapprovalhelp.ca

519-255-9505

Home Fund Corp.

homefund.com

416-696-9866

Vault Mortgage Corporation

vaultmortgage.ca

416-746-3766

IC Savings

icsavings.ca

416-784-0200

Verico The Mortgage Leaders

petermenicucci.com

877-777-7308

JV Capital

jvcapital.ca

416-572-7337

VWR Capital Corp.

vwrcapital.com

866-907-5407

Kokanee Mortgage

kokaneemortgage.com

844-565-2633

Westboro MIC

westboromic.com

613-729-5764

KV Capital

kvcapital.ca

780-433-1222

This list is not a complete directory of Canada’s private lenders and MICs. If you would like to be added to the next list, please contact Trevor Biggs at trevor.biggs@keymedia.com

Featured lender

416-350-1224

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PRIVATE LENDING GUIDE

Cross-Canada index Check out the private lending options in your province Newfoundland Alberta Alta West Capital

Alta West Capital

Canadian Mortgages Inc. Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.

Atlantic Signature Mortgage & Loan

Ontario Canadian Mortgages Inc. Manitoba Canadian Mortgages Inc. Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.

FamilyLending.ca Capital First Source Mortgage Corporation Fisgard Asset Management Corporation

Canadian Mortgages Inc.

Oppono Lending Company

Graysbrook Capital

RiverRock Mortgage Investment Corporation Romspen Investment Corporation

Romspen Investment Corporation

New Brunswick

Tembo Financial

Atlantic Signature Mortgage & Loan

Greenpath Capital Partners

The 6ix Capital Group Corporation

Canadian Mortgages Inc.

Magenta Capital Corporation

VWR Capital Corp.

Graysbrook Capital Romspen Investment Corporation

Prince Edward Island Atlantic Signature Mortgage & Loan Canadian Mortgages Inc. Graysbrook Capital Romspen Investment Corporation

British Columbia Alta West Capital Blueshore Pacifica Alternative Mortgage Centre Canadian Mortgages Inc.

Fisgard Asset Management Corporation Romspen Investment Corporation VWR Capital Corp.

Saskatchewan Fisgard Capital Corporation Romspen Investment Corporation VWR Capital Corp.

Quebec

Nova Scotia

Romspen Investment Corporation

Atlantic Signature Mortgage & Loan Canadian Mortgages Inc. Graysbrook Capital Romspen Investment Corporation

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ALTA WEST CAPITAL underemployed, those who are blocked by the new rules

awcapital.ca

Terms: One year, open Rate type: 7.99%

888-554-9075 Lending markets: BC, Alberta, Ontario Niche/focus: Business-for-self

Property type: Single-family, townhouses, condos

Maximum amortization: Interest-only or any amortization the broker needs

Purpose: Purchase, refinance, equity take-out, foreclosure/power of sale

Products: 85% LTV first, second and third mortgages

Maximum LTV: 85%

Customer type: Self-employed,

Minimum Beacon: None

Fees: Yes Preferred loan amount: $20,000 to $1.2 million

ATLANTIC SIGNATURE MORTGAGE & LOAN atlanticsignature.com 902-406-1250 Lending markets: Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland – urban and rural community centres Niche/focus: Residential, incomeproducing multi-units, renovation and construction, small commercial mixeduse, land

Customer type: Consumer, small business, developer, experienced builder

Minimum Beacon: None

Property type: Single-family, multiples, large homes, mixed-use, condos, land

Rate type: Fixed

Purpose: Common-sense solutionbased lending for bridge financing purposes Maximum LTV: 80% for residential in urban core, 65% for commercial, 50% for land

Terms: Typically one year

Maximum amortization: Typically interest-only Fees: 4% lender fee Preferred loan amount: $50,000 to $3 million

Products: First and second mortgages

info@atlanticsignature.com | 902.406.1250

get paid

TWICE*

YOU CAN HAVE YOUR CAKE AND EAT IT TOO • Prompt • Professional • Customer Focused Short-term lending solutions for Atlantic Canada’s major urban and rural communities.

From $25,000 to $3,000,000.

Call us today: 902.406.1250 *Earn applicable referral fees on bridge financing and then on the take out financing. Contact us for details.

www.mortgagebrokernews.ca

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PRIVATE LENDING GUIDE

BLUESHORE PACIFICA ALTERNATIVE MORTGAGE CENTRE blueshorepacifica.com

Property type: Residential properties

604-899-3780

Purpose: Purchase, refinance and equity take-out

Lending markets: BC – Greater Vancouver and larger regions Niche/focus: Common-sense lending for borrowers with realistic repayment plans

Rate type: Fixed or floating

Maximum LTV: 75%

Maximum amortization: Interest-only or 30-year maximum

Minimum Beacon: None; credit to be reviewed on a case-by-case basis

Fees: 2%, typically split with the broker

Terms: One year for Pacifica; one to three years for Blueshore Financial

Preferred loan amount: $100,000 to $10 million; maximum of $4 million with Blueshore Financial

Customer type: Salaried, selfemployed, corporations, good or bad credit

Minimum Beacon: None

Products: First and second mortgages

CANADIAN MORTGAGES INC. canadianmortgagesinc.ca 855-340-8543 Lending markets: Ontario-wide, British Columbia (urban markets), Alberta (Tier 1 and Tier 2 cities), Manitoba (Winnipeg and Brandon) and the Maritimes (major metros only) Niche/focus: Residential owneroccupied, rentals, renovation, commercial (retail, multi-family, office, medical, light industrial) and land (prime infill or development land in urban markets) Products: First, second and low-LTV third mortgages (residential only)

Terms: One year standard; shorter or longer on exception

Property type: Single-family up to four units in all markets, incomeproducing commercial (urban Ontario only), development/zoned land (urban Ontario only), construction financing (urban Ontario only)

Rate type: Fixed Maximum amortization: Typically interest-only Fees: Case-by-case, $1,000 minimum

Purpose: Renovation, bridge loans and/or debt consolidation Maximum LTV: Up to 80% in BC and Ontario major centres; 75% elsewhere; 70% rural. For commercial, 65% to 75% in major markets; less in smaller markets

Preferred loan amount: $50,000 to $5 million; minimum $1 million for commercial firsts and $500,000 for commercial seconds

NEED A BIGGER DEPOSIT AND SHORT ON TIME? CLIENT IN NEED OF A RENOVATION TO SELL BUT SHORT OF FUNDS? Tembo Financial is your fast, innovative and non-traditional lender offering flexibility and creative solutions to close deals quickly!

Whether it’s a short-term equity advance, bridge loan or a 1 year term, Tembo offers solutions!

48 H urs

Funds ready in as little as 48 hours.

Fully open loans, Competitive fees.* Visit tembofinancial.com Call 1-844-238-6717

BRIDGE LOANS • DEPOSIT LOANS • RENOVATION LOANS BEFORE SALE • 1ST MORTGAGE • 2ND MORTGAGE *Subject to qualification. FSCO License No. 12598

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PRIVATE LENDING GUIDE

FAMILYLENDING.CA CAPITAL familylending.ca 866-941-6678

Property type: Commercial, farm, industrial, high-rise commercial or residential, residential subdivision developments

Rate type: Fixed based on risk analysis

Purpose: Debt consolidation, construction, acquisition, business expansion, startups and other business purposes

Fees: Minimum 1.5% for brokerage and post-advance mortgage administration; minimum 2.0% for underwriting

Maximum LTV: Up to 80%, depending on opportunity

Preferred loan amount: $250,000 to $10 million

Maximum amortization: None

Lending markets: Ontario Niche/focus: Agricultural, commercial and residential developments Products: Term loans supported by mortgage security, with interest-only payment options available

Minimum Beacon: 500 Customer type: Individual or corporate borrowers

Terms: Six months to two years, interest-only

C

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FIRST SOURCE MORTGAGE CORPORATION firstsourcemortgage.ca

investors, business owners

416-221-2238

Property type: Development land, industrial, commercial (including stores and apartments, plazas, flagged gas stations, flagged hotels)

Lending markets: Ontario – London to Ottawa; prefer population centres of 25,000+ Niche/focus: Non-bank commercial, multi-residential, development land, retail, industrial, gas stations, hospitality

Purpose: Acquisitions, construction projects, renovations of existing properties, refinances, equity take-out or bridge financing against future development or future sales

Products: First mortgages

Terms: One to two years; lender fee; closed six months then open on one-month bonus Rate type: Fixed Maximum amortization: Interest-only Fees: Varies; competitive Preferred loan amount: $1 million to $10 million

Maximum LTV: 75% Customer type: Experienced builders, developers, real estate

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Minimum Beacon: None

22/10/2018 1:15:30 PM

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PRIVATE LENDING GUIDE

FISGARD ASSET MANAGEMENT CORPORATION builders), commercial borrowers, recent bankruptcy, in foreclosure or consumer proposal

Maximum amortization: Most are interest-only but can be amortized (negotiable)

Property type: Residential (owneroccupied, rentals, recreation/vacation, student housing), construction (singlefamily, multi-family, renovation), commercial (retail centres, offices, mixed-use, fully tenanted industrial, condo inventory, lot inventory)

Fees: • Residential: No lender fee, no renewal fee (on first renewal and if paid as agreed), no prepayment penalties (fully open) • Construction: 2% • Commercial: 1%+

Niche/focus: Fisgard is a niche lender that fills the void for conventional, Alt A and B lenders and Canadian mortgage consumers who require ‘outside the banking box’ mortgage financing.

Fisgard is often referred as a C+ and no-fee lender

Maximum LTV: 75%

Preferred loan amount: $30,000 to $5 million (will participate in larger loans)

Products: Residential first and second mortgages, construction, commercial

Rate type: • Residential first: 7.5% – 10.5% (up to 75%) • Residential second: 10.5% – 13.85% (up to 75%) • Construction: 8.5%+ • Commercial: 7%+

fisgard.com 866-382-9255

Lending markets: • BC, Alberta, Manitoba and Ontario (as Fisgard Asset Management Corporation) • Saskatchewan (as Fisgard Capital Corporation)

Customer type: Business-for-self, stated income, bruised credit, low-doc, income-challenged, CRA issues, new to Canada, bridge/interim financing, short-term financing (up to two years), builders (including owner-

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Minimum Beacon: None Terms: No lender fees (residential only), fully open after one month, up to two years

GRAYSBROOK CAPITAL graysbrookcapital.ca 902-222-2670 Lending markets: Nova Scotia, Newfoundland, New Brunswick, Prince Edward Island Niche/focus: Residential first/ second, commercial, construction, CRA debt, credit repair, purchase, refinance, equity take-out

Products: Alternative to 75% LTV, business-for-self, high debt ratios, poor credit, rentals and secondary homes, draw mortgages (construction and/or renos), construction LOC

Maximum LTV: Up to 80%

Property type: Residential and commercial

Rate type: Interest-only

Minimum Beacon: None Terms: 12% on first, 14% on second

Preferred loan amount: $150,000 to $2 million

Purpose: Lending solutions for clients who don’t qualify for traditional mortgages

GREENPATH CAPITAL PARTNERS greenpathcapital.ca 647-726-1384 Lending markets: Ontario – Toronto, Halton, Peel, York, Durham, Hamilton, Simcoe County, Northumberland County, Guelph, Kitchener, Waterloo and Cambridge Niche/focus: Residential and commercial property financing for borrowers who might not qualify at traditional institutions

Products: First, second and third mortgages

Terms: One year; shorter or longer on exception basis

Customer type: Individuals – salaried, self-employed, bruised credit

Rate type: Fixed Property type: Single-family, townhouses, condos, multi-unit, commercial property

Maximum amortization: Interest-only Fees: Start at 1%, subject to loan amount and risk assessment

Purpose: Refinance, purchase, debt consolidation, equity take-out

Preferred loan amount: No minimum; up to $1.5 million

Maximum LTV: 80% for first and second mortgages, 82.5% for third

eXPeRts

talk to the experts in private lending

Fisgard is one of Canada’s largest private Mortgage Investment Corporations and a leader in private and alternative lending solutions.

BC to ontarIo

Minimum Beacon: None

. no lender Fee . Fully open . Interest only payMents

asset management corporation

For all deal inquiries contact:

Hali noble t: m: e: w:

866.382.9255 250.480.8883 newdeal@fisgard.com fisgardmortgage.com

Residential • CommeRCial • ConstRuCtion British Columbia Brokerage #X022176 | Alberta Brokerage #MW-1411086 | Ontario Brokerage #12560 Admin #12500

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PRIVATE LENDING GUIDE

MAGENTA CAPITAL CORPORATION magentainvestment.ca 888-267-1744 Lending markets: Eastern and Southwestern Ontario, primarily urban settings and small centres Niche/focus: Situational lender, owner-occupied properties, single and multi-unit rental properties, student rentals, raw land

Customer type: Self-employed, salaried, bruised credit, new to Canada, foreign buyers and non-traditional income sources

closed; interest-only and payment accrual available

Property type: Single-family, multi-unit residential, student properties, condos

Maximum amortization: 40 years

Purpose: Purchase or refinance; bridge lending available Maximum LTV: 85%

Products: First and second residential mortgages, seasonal properties, lot and land, equity lending, ‘no-doc’ and ‘stated income’ products

Rate type: Fixed

Fees: Starting at 2.5%, fees are typically capped, and exceptions may apply in unique circumstances Preferred loan amount: Residential properties up to $750,000; no minimum loan amount

Minimum Beacon: None Terms: One to two years, open or

FARM MORTGAGES

Len Are ding Ont a is a Onl rio y

Help your Clients...

• Loans from $100,000 to $10,000,000 • Loans up to 70% value of land

Call Us Today!

Contact Robb Today!

Robb Nelson, Broker Chief Executive Officer

1-866-941-6678 www.FamilyLending.ca 10 www.mortgagebrokernews.ca

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OPPONO LENDING COMPANY oppono.com

Customer type: Not specific

905-886-5352

Property type: Single-family detached, duplexes, townhouses, land, condos, construction, bridge financing

Lending markets: Ontario (GTA and Golden Horseshoe) Property type: Common-sense equity-based lending on residential properties (commercial properties on exception). As an equity-based lender, we are not limited to a specific market type, GDS/TDS limits or proof of income

Maximum amortization: 25 years or interest-only Fees: Starting at 2.5% Preferred loan amount: Under $1.75 million

Purpose: Equity lending Maximum LTV: 75% (80% on a case-by-case basis) Minimum Beacon: None Terms: One to two years

Products: First, second and occasional third mortgages

Rate type: Fixed/closed

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PRIVATE LENDING GUIDE

PREMIERE MORTGAGE previous bankruptcy, BFS clients who can’t prove income the traditional way

mortgagescanada.net/brokers 866-470-4404

Property type: Residential properties – detached, semi-detached, condos, townhomes, duplexes, mobile homes on own land, rentals, owner-occupied properties

Lending markets: BC, Alberta, Manitoba Niche/focus: Private equity lending Products: First and second mortgages in both urban and rural areas

Minimum Beacon: None Terms: One- to three-year terms available Rate type: Fixed Maximum amortization: Interest-only, up to 30 year amortization

Purpose: Purchase or refinance Fees: Deal-dependent Maximum LTV: Up to 75% in urban centres; 65% in small towns or rural areas

Customer type: Those declined by traditional lenders/banks, CRA issues,

Preferred loan amount: Up to $500,000

RIVERROCK MORTGAGE INVESTMENT CORPORATION Customer type: BFS, new to Canada, bruised or damaged credit

riverrockmic.com 647-405-2900

Property type: Residential urban and suburban properties

Lending markets: Ontario

Maximum LTV: 80%

Products: First and second mortgages

BUSINESS DEVELOPMENT (BC/AB)

tim@awcapital.ca T 403.254.9075 x 224 C 403.928.5436 awcapital.ca

Rate type: Starting at 7.99% for first mortgages and 10.49% for second Maximum amortization: None

Purpose: Help mortgage brokers service alternative mortgages

Niche/focus: Asset-based lending; flexible on proof of income, credit and servicing ratio

Tim Hurlbut

Terms: One year

Minimum Beacon: None

Fees: 1% to 3% Preferred loan amount: Between $50,000 and $750,000 for first mortgages; $25,000 to $350,000 for second; exceptions made case-by-case

85%

Chris Reid

BUSINESS DEVELOPMENT (ON)

chris@awcapital.ca T 888.554.9075 x 236 C 647.705.9480 awcapital.ca

LOAN-TO-VALUE

AWC QTR ad 8.25x2.6875 2018.indd 1

2018-04-11 6:19 PM

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ROMSPEN INVESTMENT CORPORATION romspen.com 416-966-1100

Property type: Commercial, industrial, development, hospitality, specialpurpose properties

Lending markets: Canada and the US

Purpose: Purchase, refinance

Niche/focus: Commercial mortgages

Maximum LTV: 75%

Products: Term, bridge, construction mortgages

Minimum Beacon: None

Maximum amortization: Interest-only and flexible amortizations Fees: From 2% of loan amount, plus lender’s legal fees and disbursements Preferred loan amount: $5 million to $100 million

Terms: Up to five years Customer type: Commercial borrowers Rate type: 7.75% and higher

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ALTERNATIVE LENDING MADE EASY. RiverRock Mortgage Investment Company (MIC) is a leading and trusted non-bank lender in Ontario. We offer residential 1st & 2nd mortgages on marketable properties in urban and suburban areas in Ontario up to 80% LTV. We are committed to a common sense approach to underwriting.

Learn more on how we are flexible on proof of income, credit and servicing ratios.

416.504.1886 WWW.RIVERROC KMIC.C OM The Manager, RiverRock Management Inc., is licensed as a Mortgage Administrator through the Financial Security Commission of Ontario (FSCO).

Mortgage Administrator License # 12514.

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PRIVATE LENDING GUIDE

TEMBO FINANCIAL Customer type: Customers requiring bridge or interim financing; good or bad credit

Terms: One year or shorter

Property type: Single-family, condos, multi-family, commercial, mixed-use

Maximum amortization: Interest-only

Lending markets: Ontario Niche/focus: Short-term exit strategy, common-sense, equitybased residential lending with some commercial

Purpose: Deposit loans, bridge loans, renovation before sale, debt consolidation, moving expenses, purchases, refinancing, equity take-out

Products: Deposit loans, equity advances, bridge loans, and first, second and low-LTV third mortgages

Maximum LTV: 85% in Ontario major cities on an exception basis; otherwise 75% to 80%

tembofinancial.com 844-238-6717

Rate type: Fixed

Fees: Considered on a deal-by-deal basis Preferred loan amount: $20,000 to $2.5 million

Minimum Beacon: None

Creative Non-Bank Mortgage Solutions For Commercial Real Estate

When Your Commercial Deal Needs The Right Lender…

Who can provide you with the guidance, skill, knowledge, speed and creativity to over deliver on client needs and demands. We are that Lender. Call us on your next commercial mortgage transaction between $500,000 and $10 million and we’ll prove it!

Land • Land Servicing • Construction • Office • Industrial • Retail • Plaza • Special Purpose • Gas Station • Hotel • Bridge Loans • First Mortgages • Acquisition • Refinance

Call: 416-221-2238 • David Mandel x22 • Skip Walters x25 • Lisa Collis x33 • Paul Labelle x27 Principal Broker First Source Mortgage Corporation (License # 10434) Principal Administrator First Source Financial Management Inc. (License # 12594)

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THE 6IX CAPITAL GROUP CORPORATION the6ixcapitalgroup.com 416-596-6699 Lending markets: Greater Toronto Area

Property type: Single-family dwelling – owner-occupied, rentals, condos/townhouses (low- or high-rise), multi-unit residential (up to four-plexes), mixed use Maximum LTV: 85%

Niche/focus: Residential equitybased mortgages

Minimum Beacon: 500

Products: First and second mortgages

Terms: Six to 18 months

Customer type: Self-employed, bad credit, bridge financing, debt consolidation

Rate type: Starting at 7.99% for first mortgages; 9.99% for second mortgages

Maximum amortization: Interest-only Fees: Up to 2%; assessed on a deal-by-deal basis Preferred loan amount: $50,000 to $3 million

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PRIVATE LENDING GUIDE

VWR CAPITAL CORP. vwrcapital.com 866-907-5407

Lending markets: BC, Alberta, Saskatchewan, Manitoba, Ontario

Property type: Single-family, townhouses, condos, row homes, serviced land, raw land, multi-family Purpose: Financing for borrowers who might not qualify at traditional institutions

Niche/focus: Residential

Rate type: Fixed Maximum amortization: Up to 35 years; interest-only mortgages available Fees: Starting at $750 for first mortgages; $500 for second and third mortgages

Maximum LTV: 75% Products: First, second and third mortgages Customer type: Individuals, holding companies, operating companies, non-residents and more

Preferred loan amount: $25,000 to $2.2 million

Minimum Beacon: None Terms: One year – open mortgages available

Quick. Simple. Approved.™ Residential equity based lending in:

British Columbia Alberta Manitoba

1st, 2nd mortgages considered for any purpose NO credit or beacon score requirements No debt servicing requirements NO income verification needed in most cases Residential in urban areas - Up to 75% LTV Residential in smaller towns - Up to 65% LTV Mortgages up to $500K preferred

Send in your deals! lending@premhome.ca 1-866-460-4409 www.mortgagescanada.net/brokers

16 www.mortgagebrokernews.ca

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1/11/2018 6:33:27 AM

Email lender notes, application, and credit bureaus to:

deals@vwrcapital.com D IMITRI K OSTUROS

Chief Operating Officer dimitri@vwrcapital.com

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P AULA H UTTON

BDM - Prairies paula@vwrcapital.com

1/11/2018 6:33:38 AM

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