• Mortgage amounts normally range from $20,000 to $300,000 although we have done mortgages of $500,000+.
  
  
• Decent marketable properties including detached homes, town-homes, and condos located in the Lower Mainland of BC to Whistler, as well as major centers on Vancouver Island and in the Okanagan.
  
  
• Maximum loan-to-value ratio of generally 80%.
  
  
• We lend on appraised value, not purchase price. For those borrowers paying out agreements for sale or buying new construction on a pre-sale and the value has risen, the appraised value will result in higher loan amounts.
  
  
• Our interest rates are generally in the 10.0% to 12.0% range are very competitive when compared to other private lending sources. 
  
  
• Each deal is unique so rates and fees are quoted on a case-by-case basis depending on the financial strength of the covenant, quality of the property, and total loan-to-value ratio of the deal. 
  
  
• Broker fees are shared with the referring broker.
  
  
• Most mortgages have one year terms with interest-only payments and a 3-month interest prepayment penalty.  Open mortgages may be negotiable in certain circumstances and generally involve an additional cost to the borrower.
  
  
• If a mortgage is renewed at maturity, a $250 renewal fee will be charged to the borrower.

Suite 404 - 15466 North Bluff Road | White Rock, BC V4B 3G1