Commercial Asset-based
Commercial mortgage lending requires experience and expertise. Our financial and restructuring background allows us to better understand your business needs and provide solutions that are specific to your financing needs.
Over the years, we have earned a reputation as a fair and flexible mortgage lender. We fund mortgages for many types of commercial properties including:
- Mixed-use buildings and storefronts
- Retail plazas
- Multi-residential
- Warehouse and industrial
- Office buildings
- Retail or industrial condos
- Builder inventory loans
- Vacant land
- Agricultural properties
- Unique properties or exceptions on a lower loan-to-value (LTV) basis (e.g., recreation-vehicle parks, golf courses, parking lots, storage facilities, etc.)
We will consider collateralizing additional properties or assets where a loan is required beyond our normal loan-to-value guidelines.
LOAN CRITERIA
Where we lend:
- Ontario
What we offer:
- Loans between $500,000 to $40,000,000
- Purpose: debt consolidation, purchase, equity take out, refinancing, bridge financing, power of sale, renovation, or inventory
- Term 1 to 15 months | Longer terms available
- Negotiable, interest-only, or principal and interest
- Flexible prepayment options
- LTV up to 65% (higher LTV will be considered with collateral security). Up to 70% on select income-producing properties.
Underwriting criteria:
- To enquire – mortgage application, credit report, ownership structure, rent roll, operating statements
- To close – AACI appraisal, building condition/environmental reports (if applicable)
Hillmount Capital forms are available on our Broker Resources page.