Funded Deals
12 unit townhome project
$7,000,000
Commercial Mortgage1st mortgage Land/Construction Financing
Campbell River, BC
Commercial Mortgage
$7,000,000
1st mortgage Land/Construction Financing
Exisiting client project for construction of 12 townhomes
- 1st Mortgage
- Fixed Rate 9.0%
- Interest only payments with interest reserve
- 80% LTV financing
Mutli Unit Townhouse purchase
$1,750,000 CAD
Commercial Mortgage1st Mortgage
Fort MacMurray, Alberta
Commercial Mortgage
$1,750,000 CAD
1st Mortgage
9 units of townhomes were financed as part of a large group of rental properties purchased.
- 1st Mortgage
- Loan to Value 75%
- Fixed Rate 9.0%
- Interest only payments
Provide purchase financing on land & building
$930,000
Commercial Mortgage1st Mortgage
Campbell River, BC
Commercial Mortgage
$930,000
1st Mortgage
Bank was taking too long to approve financing so client came to NMIC. We issued a commitment within a week and funded the purchase within 30 days.
- 1st Mortgage
- Fixed Rate 9.0%
- Interest only payments
- LTV= 75% on purchase
1st mortgage land acquisition financing
Campbell River, BC
Commercial Mortgage
$1,000,000
1st mortgage land acquisition financing
Existing client acquisition for future townhome 100% financing 10.5% rate
Condo Inventory Mortgage
$6,500,000
Commercial MortgageCondo Inventory 1st Mortgage
Duncan, BC
Commercial Mortgage
$6,500,000
Condo Inventory 1st Mortgage
Construction completed on mixed condo project with 3 commercial and 29 residential units
Owner wanted to repay construction financing and replace with financing over the selling period
- 65% Loan to Value
- 7.95% Interest Rate
- 1 year interest reserve
- Interest only payments from reserve
Commercial Multi Unit Strata
$5,500,000 CAD
Commercial MortgageRe-Financing
Surrey, BC
Commercial Mortgage
$5,500,000 CAD
Re-Financing
Short Term Mortgage Financing
60% loan to value
Interest only payments
- 1st Mortgage
- Fixed Rate 3.10%
- 25 year amortization
- 1.10 debt service
Re-Finance & Equity Take Out Mobile Home Park
$1,100,000 CAD
Commercial Mortgage1st Mortgage
Grande Prairie, Alberta
Commercial Mortgage
$1,100,000 CAD
1st Mortgage
Mobile Home Park
- 1st Mortgage
- Fixed Rate 10.5%
- Interest only payments
- 1.10 debt service
Commercial Mortgage Self Storage Units
$460,000
Commercial Mortgage1st Mortgage
Qualicum, BC
Commercial Mortgage
$460,000
1st Mortgage
Owner needed to re-finance for an equity take-out
Approved and funded within 15 days of receiving the application
60 storage unit facility
- 1st Mortgage
- Fixed Rate 9.0%
- Interest only payments
- 65% Loan to Value
Retail Strip Mall
$2,800,000 CAD
Commercial MortgageRe-Finance & Equity Take Out
Edmonton, Alberta
Commercial Mortgage
$2,800,000 CAD
Re-Finance & Equity Take Out
High Leverage Financing
90% Loan to value
- 1st Mortgage
- Fixed Rate 9%
- Interest only payments
- 1.10 debt service
Industrial Parts Supplier
$1,000,000 CAD
Alternative LendingLine of Credit AR Factoring
Edmonton, Alberta
Alternative Lending
$1,000,000 CAD
Line of Credit AR Factoring
required funding to replace line of credit
bank called LOC line and client had to replace his inventory and AR financing fast
- AR Factoring Facilty
- 9% interest rate
- Up to 90% funding on invoices
- Confidential Factoring works like a LOC
- Customers were NOT notified
- Same day funding
Equity-Take Commercial Winery
$1,000,000 CAD
Commercial Mortgage2nd Mortgage
Oliver, BC
Commercial Mortgage
$1,000,000 CAD
2nd Mortgage
Client required an equity-take
Approved and Funded with 15 days
- Interest only
- 12% rate
- Interest Reserve Financed
- Payments from Interest reserve
Equipment Lease Amusement Park
$1,500,000 CAD
Alternative LendingEquipment Lease
Edmonton, Alberta
Alternative Lending
$1,500,000 CAD
Equipment Lease
Large Western Canadian Mall with an Amusement Park
wanted to add a major ride attraction
- 90% financing
- 5.2% effective interest rate
- Multiple draws over 1 year
Take out bridge financing on a AirBNB apartment
$6,565,000 CAD
Commercial MortgageCondo Repositioning Loan
Langford, BC
Commercial Mortgage
$6,565,000 CAD
Condo Repositioning Loan
Newly completed construction 41 unit AirBNB apartment hotel
- 1st Mortgage
- 18 month rent stabalization term
- Fixed Rate 6.25%
- Interest only payments
- 65% Loan to Value
Flat Line Spray Booth
$260,000 CAD
Alternative LendingEquipment Lease
Nanaimo, BC
Alternative Lending
$260,000 CAD
Equipment Lease
Equipment lease for Millwork Shop
- - Automatic Reciprocating Machine Booth
- - 10% down payment
- - 6 year term
- - $100 Purchase option
- - 6% rate
Pressure Beam Saw
$167,000 CAD
Alternative LendingEquipment Lease
Naniamo, BC
Alternative Lending
$167,000 CAD
Equipment Lease
Equipment lease for Millwork Shop
- - Holtzher Pressure Beam Saw
- - 10% down payment
- - 6 year term
- - $100 Purchase option
- - 6% rate
Equipment Lease Skating/Hockey Rink
$1,830,529
Alternative LendingEquipment Lease
Edmonton, Alberta
Alternative Lending
$1,830,529
Equipment Lease
Ice Making Plant Equipment
- - Cimco Ice Plant Equipment
- - $1.9 million Draw Down Lease Facility
- - 20% down payment
- - 3 year term
- - $100 Purchase option
- - 5.25% rate
Equipment Lease for Millwork Shop
$75,292
Alternative LendingEquipment Lease
Prince George, BC
Alternative Lending
$75,292
Equipment Lease
Holzher Edgebander
- - Holtzher Edgebander
- - 10% down payment
- - 7 year term
- - $100 Purchase option
- - 6.25% rate
CNC Machine Lease
$318,714
Alternative LendingEquipment Lease
Courtenay, BC
Alternative Lending
$318,714
Equipment Lease
CNC Machine and edgebander for Kitchen manufacturer
- - Holzher CNC Machine
- - 10% down payment
- - 7 year term
- - $100 Purchase option
- - 5.00% rate
Commercial Office Building
$2,700,000
Commercial Mortgage1st Mortgage
Calgary, Alberta
Commercial Mortgage
$2,700,000
1st Mortgage
Bridge Financing
Re-Positioning Loan
Funds required FAST for lender take-out
- 12 month rent stabalization term
- Fixed Rate 9%
- Interest only payments
- 62% Loan to Value
Commercial Office Building
$500,000
Commercial Mortgage2nd Mortgage
Calgary, Alberta
Commercial Mortgage
$500,000
2nd Mortgage
Gap Financing
Funds required to close on re-financing
- 12 month rent stabalization term
- Fixed Rate 12%
- Interest only payments
- 74% Loan to Value
Wildstone Golf Course lot development
$2,700,000 CAD
Commercial Mortgage1st Mortgage Land & Construction
Cranbrook, BC
Commercial Mortgage
$2,700,000 CAD
1st Mortgage Land & Construction
Wildstone a signature star golf course in the kootenays where this project is developing 54 residential buidling lots with a mix townhomes and single family homes.
- 1st Mortgage
- Fixed Rate 9.0%
- Interest only payments with reserve
- 60% Loan to Value financing
10 unit townhome development in Campbell River
$3,000,000
Commercial Mortgage1st mortgage land & construction loan
Campbell River, BC
Commercial Mortgage
$3,000,000
1st mortgage land & construction loan
Land loan and construction financing for 10 townhome units
- 1st Mortgage
- Fixed Rate 9.0%
- Interest only payments with interest reserve
- 100% LTV financing
Commercial Multi Tenant Retail Mall
$6,500,000
Commercial Mortgage1st Mortgage Commercial Retail
Red Deer, Alberta
Commercial Mortgage
$6,500,000
1st Mortgage Commercial Retail
Equity Take Out on older Landmark Retail Mall
- 1st Mortgage
- Fixed Rate 3.6%
- 20 Year Amortization
- 65% Loan to Value
12 Unit Townhouse Rental
$5,900,000
Commercial Mortgage1st Mortgage Commercial
Langford, BC
Commercial Mortgage
$5,900,000
1st Mortgage Commercial
Blanket 1st commercial mortgage over 12 newly construction townhouse rental units
- 1st Mortgage
- Fixed Rate 2.91%
- 25 year amortization
- 75% Loan to Value
Multi Family Construction and Inventory
$13,000,000
Commercial Mortgage1st Mortgage Commercial
Langford, BC
Commercial Mortgage
$13,000,000
1st Mortgage Commercial
Construction of 30 unit multi family townhomes with blanket inventory financing for 30 townhomes in Langford, BC
- 1st Mortgage
- Fixed Rate 4.20%
- Interest only payments
- Fully open, no penalty on PD
- 80% Loan to Value on cost
- 20% of proceeds to Borrower on Unit sales
Condo Remediation Loan
$2,600,000
Commercial MortgageCondo Remediation Loan
Abbotsford, BC
Commercial Mortgage
$2,600,000
Condo Remediation Loan
Financing for remediation and structural repairs to 54 units Condo in Abbotsford, BC
- 1st Mortgage
- Fixed Rate 5.45%
- Fully open, no penalty on PD
- 100% Loan to Value on cost
- 5 Year Term
- Strata security agreement only (no mortgage)