Lending Programs
What We Offer
As we offer a complete line of lending programs for the residential and commercial real estate markets including mezzanine and joint venture programs. Our loans service programs are competitively priced.
We offer 2nd mortgages up to 87% LTV
- Residential properties/ rentals /retail condos/multiplex
- Freehold or condo
- 9.9% – 12.00% per annum – based on LTV, location, loan size
- Lender Fee 1% -4%
- 1-2 year terms
- Subject to satisfactory appraisal determined by SCC
- 24h turnaround time for quote/commitments
- GDS/TDS – Not applicable
- Property tax arrears – Accepted
- Bankruptcy – Accepted – must be discharged (no waiting period)
- Conditions: 1st mortgage statement, fire insurance policy, recent property tax bill
Sagewise Capital Lending Programs
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- In fill and subdivision residential construction loans for freehold and condominium projects
- Land servicing and building lot loans
- Construction loans for mid-rise & high-rise condominium projects
- Construction lending for custom homes & renovation programs
- Land loans for residential and commercial sites, parking lots and hi-rise sites
Large Construction Loan Program Across Canada
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- First Mortgages for industrial, commercial and retail properties, including warehouses, stores and apartments, and all types of income-producing properties
- Apartment buildings 1st, 2nd and 3rd mortgages for acquisitions, refinancing, and renovation purposes including short-term bridge loans and long-term fixed rate loans
- Mobile Home Parks – 1st and 2nd mortgages for purchases, refinancing and development expansion
- Small Commercial Program: 1st mortgages on retail stores with apartments above
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- Bridge financing – up to 2 years open for interim situations, on all asset classes
- Acquisition loans and equity bridge loans pending repayment from long term debt or equity raises
- Work out lending / special situation loans
- Secondary debt, behind closed first mortgage term loans – matching maturity dates of existing 1st mortgage
- Mortgage purchases, performing and non-performing
- Inventory loans on un-sold housing and condominium units
- Debtor in Possession Financing