Owemanco - Ontario Wealth Management Corporation - Borrow - Canada


Eligible Transactions:
  • Acquisition financing
  • Refinancing
  • Construction financing
Property types:
  • Industrial
  • Retail
  • Multi-family
  • Office
  • Hospitality
  • Mixed-use
  • Single family residential
Loan to value: Up to 65% of purchase price or appraised value
Loan size: $250,000 – $15,000,000
  • 1 year, open on 1 month interest penalty
  • 2 years, open on 2 months interest penalty in the 1st year and 1 month interest penalty in the 2nd year of the term
Fees: 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.