Farber Mortgage Capital Ltd.
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Hard Money Loan |
| Property Types | Condo, Industrial, Land Non-Entitled, Mixed use, Student Housing |
| Lendding Area | florida |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 7% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 3 |
| Points Maximum 1st TD | 4 |
| Terms | 2 years, 3 years |
| Interest Only or Amortized | Interest Only |
| Prepayment Penalty | 3 months |
| LTV Bridge | None |
| Upfront Fees | B.P.O. Broker Price Opinioni |
| Personal Guarantee /Recourse Required | Recourse, No Recourse |
| Intended Occupancy | Non-Owner |
Corwin Mortgage Capital Inc. (CMC) is one of southern Ontario’s leading private money lenders. We issue most commitments within 24 hours and don’t accept deals that we can’t fund. We are a direct lender so we make all of the decisions in-house and do not have to rely on outside investors to fund our deals. We have flexible terms with programs available.
At CMC we currently have over $200M+ in loans on our books! We are liquid and looking to deploy even more capital on quality private money situations province wide. We are quick, flexible and most important reliable. At CMC we provide financing for private mortgages and loans throughout southern Ontario and major metropolitan areas in the United States. Both first and second mortgages are considered. Loan sizes are typically $50,000-$5,000,000.
Obtaining a conventional mortgage can be challenging if you have damaged credit or need immediate access to funds. CMC is only interested in your property’s value and doesn’t place importance on your credit or income history. This makes qualifying for a private mortgage with us simple and efficient.
At CMC we lend on all types of real estate including: Residential, Commercial, Industrial, Vacant Land, Construction & Renovations.
Farber Mortgage Capital Ltd. is located in Toronto, Ontario. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is Condo, Industrial, Mixed use, Land Non-Entitled and Student Housing. Their minimum loan amount is $500,000. Their maximum loan amount is $20,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 2 years;3 years. Although rates can change they are typically lending at a minimum rate of 7%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 3. Maximum points charged are 4.
These descriptions are limited information and meant for general reference purposes.