Transcript
Page 1: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages
Page 2: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Types of Mortgages

• Conventional Mortgages – firsts, seconds & even thirds

• CMHC Insured Mortgages• Private Mortgages – firsts & seconds• Mortgages Loaned on 7 Main Asset Classes

(details to follow)• Mortgages Ranging Between $250,000 and

$100 million

Page 3: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #1

Multi-family • Rental units larger than 6 units• Both conventional and CMHC insured• Dominion Commercial has CMHC lender status,

allowing us to apply directly to CMHC as a lender and negotiate a term that is in clients’ favour. Rates for CMHC insured mortgages range from approximately 2.30% to 2.40% for a 5-year term

Page 4: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Apartment Building in Lethbridge, AB• 137 units , $8,500,000 loan, CMHC insured

Page 5: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #2

Industrial Properties• From small strata/condo warehouse units to

trucking depots, manufacturing facilities, banquet halls and large distribution centres – and beyond

• Long-term conventional financing and short-term acquisition loans

Page 6: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Older Industrial Building to be Converted to Industrial Condo

• Toronto, ON• $7,385,000 loan

Page 7: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #3

Office• Small strata/condo office unit to a large office

tower• Can be development finance, purchase

finance or a refinance

Page 8: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Office Building• Kitchener, ON• $1,750,000 loan

Page 9: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Office Building– Calgary, AB

• First mortgage and mezzanine debt

• $26,000,000 loan

Page 10: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #4

Nursing Homes and Care Facilities• Both fund by Conventional and CMHC insured

sources• Large congregate care to small assisted living

facilities

Page 11: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Nursing Home• North Vancouver, BC• $29,000,000 loan

Page 12: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #5

Retail• Shopping centres

and plazas to single tenant retail

Page 13: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Retail Plaza in Kitchener, ON• $1,650,000 loan

Page 14: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #6

Hotel Financing• Acquisition financing• Long-term and short-term financing• Flagged and un-flagged hotels• Small privately-run hotels to large flagged

institutional hotels

Page 15: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Hotel (Kelowna Comfort Inn) in Kelowna, BC• $5,250,000 loan

Page 16: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Asset Class #7

Development Financing• Conventional and private financing• All asset classes• $250,000 to $100 million

Page 17: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Recent Project

• Development • Richmond, BC• $12,500,000 loan• Construction first

mortgage• Mezzanine debt

Page 18: Types of Mortgages Conventional Mortgages – firsts, seconds & even thirds Conventional Mortgages – firsts, seconds & even thirds CMHC Insured Mortgages

Contact Information

Angela Calla, AMPTel: 604-802-3983Fax: 604-939-8795

Email: [email protected]: www.angelacalla.ca


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