Have you noticed that in Canada many of our banks are the most consistently profitable companies in the country? Instead of taking their advice to invest in them maybe its time you considered investing like them. We have many Alberta private mortgage lending opportunities for you to fund private mortgages for our borrowers.
The advantages of Alberta private mortgage lending:
Strong return – this is not an investment in the traditional connotation, rather you are the direct lender and in turn receive the entire interest rate of return.
Control – you decide on a project by project basis if you are interested
Different lendingt amounts typically ranging from $100 000 to $500 000 per mortgage.
Cash and RSP eligible
Typical lending opportunities:
65% to 80% loan to value
Rate of return ranging from 10% to 15%
Term of 6 to 12 months
Located in major urban centers in Alberta
Theses borrowers include:
Residential and commercial home builders
Private real estate investors who are completing property renovations
Condominium conversion developers
The most important items when deciding on a Alberta private mortgage lending opportunities:
1. Equity – without sufficient equity you do not have security in your investment. Ensure all valuations are completed on an “as is value” not an”as complete value”
2. Exit strategy – without a defined and realistic exit strategy, I am typically not interested in the project. It is true that with strong equity, from a lending perspective, we will have sufficient security however we can to ensure that we have a win – win opportunity with our borrower as well and that the funds that are lent are used properly and complete the project. Upon completion of the project the lender is then repaid in full.
Please feel free to send me an email or give me a call to chat for 5 or 10 minutes so I can answer your questions and provide you with a more detailed borrower profile and see if we are a good fit.