Investing in Private Second Mortgages
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Investing in Second Mortgages

Investing in Private Second Mortgages






Investing in 2nd Mortgages

BC Mortgage Investment

  • Mortgage amounts normally range from $50,000 to $650,000 (higher
  • amounts on an exception basis).

  • Decent marketable properties including detached homes, town-homes, and condos located in the Lower Mainland of BC to Whistler, as well as major centers on Vancouver Island and in the Okanagan.

  • Maximum loan-to-value ratio of generally 75%.

  • We lend on appraised value, not purchase price. For those borrowers paying out agreements for sale or buying new construction on a pre-sale and the value has risen, the appraised value will result in higher loan amounts.

  • Our interest rates are generally in the 5.99% - 7.99% range for first mortgages and 7.99% to 8.99% for second mortgages for good quality marketable properties and good borrowers. These are very competitive when compared to other private lending sources. 

  • Each deal is unique so rates and fees are quoted on a case-by-case basis depending on the financial strength of the covenant, quality of the property, and total loan-to-value ratio of the deal. 

  • Broker fees are shared with the referring broker.

  • Most mortgages have one year terms with interest-only payments and a 3-month interest prepayment penalty.  Open mortgages may be negotiable in certain circumstances and generally involve an additional cost to the borrower.

  • If a mortgage is renewed at maturity, a $500 renewal fee will be charged to the borrower.

Mortgage Investment Income
Vancouver Mortgage Investment
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