Owemanco
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Construction Loan, Hard Money Loan |
| Property Types | Condo, Industrial, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $30,000,000 |
| Interest Rate Minimum | 8% |
| Interest Rate Maximum | 9% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 3 |
| Terms | 6 months, 1 year, 1.5 years |
| Interest Only or Amortized | Interest Only |
| LTV Bridge | 60 |
| Personal Guarantee /Recourse Required | Recourse, No Recourse |
Ontario Wealth Management Corporation (Owemanco) is a commercial real estate loan origination and servicing company that specializes in commercial, industrial, and construction financing solutions across Canada and the United States.
With offices in Toronto and Ottawa, Owemanco offers short-term financing in loan amounts ranging between $1 million and $30 million.
Owemanco is located in Toronto, ON. They offer financing for Bridge Loans, Construction Loans and Hard Money Loans. The property type they primarily lend against is SFR, Multi Family, Condo and Industrial. Their minimum loan amount is $1,000,000. Their maximum loan amount is $30,000,000. Maximum duration of 6 months;1 year;1.5 years. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 9%. Points charged are deal specific, but historically have charged a minimum of 2. Maximum points charged are 3.
These descriptions are limited information and meant for general reference purposes.