|Loan to value:||Up to 65% of purchase price or appraised value|
|Loan size:||$250,000 – $6,000,000|
Brokerage: 2% of loan amount plus fees to source brokerage, not to exceed 2% of loan amount
Lender's legal fees are typically 0.5% of loan amount plus HST, disbursements and title insurance premiums. This covers the legal fees for the lender. The borrower will require independent legal advice.