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Bring us your commercial mortgage deals. We have new in-house funding and looking for deals to fund! Call us….
Rate Sheet
NMIC funds $500,000 to builder of luxury chalet in Mount Washington as a 1st mortgage.
NMIC funds $500,000 towrds the block purchase of 12 townhomes as a 1st mortgage
Real Estate investor purchase 63 apartment units in Naniamo, BC
NMIC funded construction of the townhome project in Campbell River. This condo is part of a group of condos held by the builder. Construction take out Condo loan funded as a $415,000 1st mortgage.
12 Unit Townhome loan funded at $7 million mortgage at 80% LTV
Funds $1,000,000 for future townhome project 100% LTV.
Exisiting client relationship.
Northland Funds $540,000 for rental townhome purhase in Ft Mac 75% LTV 9% rate
9 Unit Townhome loan funded at $1.75 million mortgage at 75% LTV
Client was frustrated with time delays and continued information requests from their bank on the financing. NMIC issued a commitment within a week of receiving their request!
Financing for a 5 year term commercial loan over 54 townhomes for $2,6000,000, 100% of cost at 5.45% !
10 unit townhome development in Campbell River, BC
NMIC arranges financing for a blanket 1st commercial mortgage over 30 townhomes for $13,000,000, 75% LTV and with a 2 year rate of 2.41%!
NMIC arranges financing on 12 newly constructed townhouses under an inventory loan basis and equity takeout.
An older multi tenant commercial retail Mall in Red Deer for $6,500,000 at 3.6%. The deal was underwritten and funded in 40 days.
Construction financing for lot development in Cranbrook, BC $2,700,000
NMIC approves and funds Commercial building in Calgary all in the same week for $500k!
Client needed to close Fast and NMIC saves the day!
Northland Funds 5 storey Commercial building in Calgary for $2.7 million. Pays out bank that started foreclosure. Approved and Funded within 3 weeks of contact!
Rates as low as 5%. Qualifying properties must have CMHC 1st mortgages.
•New Accounts receivable factoring Product works like an Operating Line of Credit
• Based on total average AR balances. Up to 75% of accounts receivable balances under 90 days
• Funds available same day (up to facility limit)
• Factoring would be confidential between funder and client
•Clients would not be notified of any factoring arrangement
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1st of its kind!
$6,565,000 1st mortgage - 41 unit AirBNB apartment hotel funded in Langford, BC
Solo Suites
29 Unit Condo inventory loan funded at $6 million mortgage in Duncan.
https://www.rew.ca/buildings/9803/dakova-square-duncan-bc