Our private mortgage solutions enable you to realize your vision as it evolves or to quickly resolve a credit situation.
Purchase and sale
We understand the importance of seizing opportunities when they arise, which is why our financing service is quick and flexible and adjusts to your reality.
This mortgage loan solution is for you if:
You have a short period of time to close an acquisition or refinance
You want to buy a new property before finalizing the sale of the previous one
Your debt ratio or credit file does not meet the conventional criteria
You want to sell a property and not go into default with a current lender requiring monthly payments
Refinancing
Our refinancing system allows you to seek equity on your property or replace a lender whose financing term has expired.
Renovations and optimizations
We can support your renovation and optimization projects beyond the standard banking offer.
This mortgage loan solution is for you if:
Your high vacation rate makes your file ineligible for conventional financing
You anticipate an increase in revenue before proceeding with your long-term financing
You want to renovate to increase the value of the property before proceeding with long-term financing
Particular situations
We know that the life of investors is not smooth sailing, so we offer tailor-made solutions based on the file presented.
We can also help in situations of:
Prior notice of exercise of hypothecary right
Orderly sale of property
Bankruptcy
Bad credit
Self-employed workers
Redemption of shares in a divorce
Redemption of shares of an associate
Consolidation of debts (credit cards, taxes, personal loans, etc.)
Conditions
Loan amount ranging from $100,000 to $5 million
Term varying between 3 and 24 months
Interest payable monthly or in advance
Principal repayable at maturity
Equity-guaranteed fixed rate term loan on buildings
Credit or debt ratio not considered
Monthly interest payment and principal repayment at maturity
Rate between 10% and 14% in first mortgage
Rate between 13% and 16% in second mortgage
Qualification Criteria
Up to 75% loan-to-value (LTV) ratio for buildings with first mortgage
Up to 50% LTV ratio for land
Up to 65% LTV ratio for buildings with second mortgage
Properties in the Greater Metropolitan Area, as well as in Tremblant, Saint-Hyacinthe, Sherbrooke, Trois-Rivières, Drummondville, Granby and Bromont
Professional assessment required
Inspection sometimes required as part of an acquisition
The borrower’s credit and debt ratios are not essential to mortgage loan acceptance
In brief
- Up to 75%
Loan-to-value ratio
- 3 to 24 months
Term duration
Potential loan value