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
Second mortgages
Third mortgages
70% LTV on residential. Up to 75% 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
Strip Clubs
Rooming Houses
Massage Parlours
Legal Grow-Ops
Cannabis Dispensaries
Industrial
Mixed-Use Residential/Commercial
Same day commitments
No prepayment 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