High net worth clients/foreign investors/developer financing!!
High Net worth mortgages. Are you retired? Do you have a low income on paper due to self-employment? Are you independently wealthy? If you answered yes to any of those questions and own high-value property, a net worth mortgage may be right for you. Applying for a net worth mortgage If you have a high net worth, but low income and would like to purchase a property, speak with us for free financing advice. We’ll put together a mortgage plan based on your existing assets, not on traditional income statements. Residential Lending Guidelines: First Mortgages starting at $500,000 up to $25 million Interest only payments Up to 85% LTV Purchases and refinances on single family, condos, seasonal, and rental properties Financing available for non-residents Interest reserves available Non-income qualified deals Registration allowed for corporate borrowers and family trusts Commercial Lending We provide cost effective first and from time to time, second mortgage financing on an assortment of commercial real estate asset classes. Our commercial lending program serves both primary and secondary Canadian urban markets. Each individual loan application is carefully analyzed by our lending professionals and loan particulars are customized to meet borrower requirements. We are actively expanding our mortgage portfolio with loans meeting the following criteria: Loan Amounts: $500,000 to $20,000,000. Assets: Real Property including anchored and unanchored retail, office, multi-family, bare land and industrial properties. Market: Primary and Secondary Canadian urban markets. Loan to Value: Up to 80% on income producing properties. *** in Some cases up to 90%. Interest Rates: Starting at 4% on first mortgages; facilities are generally interest only due to the short term nature of the financing. Term: Typically 12 month loan terms with borrower option for an additional 12 month extension term (can offer extended terms for properties with adequate cash flow). Recourse: Non-recourse loans available. We lend in major urban centres in the following provinces: BC - Lower Mainland, Kelowna, Vernon, Victoria, Squamish, Whistler ON - Urban Greater Toronto Area AB - Edmonton and Calgary Call us at 403-630-4644 or email us to discuss whether a net worth mortgage is right for you. Peter Chattha CSC Mortgage Manager 403-630-4644