CMC | Lending Guidelines
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Lending Guidelines

THE MOST TRUSTED NAME IN THE INDUSTRY

 

Southern Ontario’s leader in private lending with over 15 years experience

We lend on your deals, NOT broker them out!

At Corwin we have the ability to finance any loan size in an efficient and timely manner

We evaluate the strength of the property, as opposed to the borrower

We are ONLY interested in the equity of the property

COMMON SENSE LENDING PARAMETERS:

 

  • First mortgages start at 7.99%
  • Second mortgages start at 9.99%
  • Lender fees start at 2%
  • 75% LTV on residential. Up to 80% LTV considered on a case by case basis.
  • 65% LTV on commercial. Up to 70% LTV considered on a case by case basis.
  • No income/employment verification
  • No business financials
  • No GDS/TDS
  • No appraisal on low LTV’s
  • No environmental on low LTV’s
  • Cross-Collateral ok
  • Tax arrears
  • Mortgage arrears
  • Power of Sale/Foreclosure
  • Construction
  • Vacant Land
  • Student Housing
  • High/Low-Rise Condominium/Apartment
  • Places of Worship
  • Industrial
  • Mixed-Use Residential/Commercial
  • Same day commitments
  • No pre payment penalty options available
  • Prepay term interest upfront from the advance
  • 1-2 year terms Interest only
  • 3-6-12-24 month terms available
  • Funding in 3-5 business days
  • No minimum loan amount
  • No maximum loan amount
  • All brokers/agents protected