Overview
Penmor’s long history providing commercial mortgages to real-estate investors and developers has allowed us to gain a wealth of experience in structuring a full array of products with maximum flexibility. Our products coupled with our experienced commercial mortgage professionals permit us to provide you with truly innovative financing solutions for all your real-estate investments.
Conventional Term Financing
- Office, industrial and retail properties,
- Multi residential properties
- Equity takeout
- Second mortgages
CMHC Insured Financing
- Fixed or floating rates (multi residential, senior housing, care homes)
- Progressive advance
- Construction financing
- 1 to 20 year terms
Hospitality Financing
- Construction - Flagged or non Flagged, condo/hotel, up to 75% loan to cost, renovation or re-flagging existing properties
- Economy, mid scale, full service, resort properties - 2 to 10 year terms, up to 25 year amortization
- Acquisition and refinance: up to 75% loan to value, equity take out, value add or repositioning acquisitions, earn outs
Interim & Construction Financing
- Pre construction advances
- Tiered funding
- Choice of fixed and variable rates with the option to convert from prime based variable rate to fixed rate with terms ranging from 1 to 10 years
- Fixed interest rate on monies advanced
Mezzanine Financing and Non Conventional Mortgages
- Joint venture program equity partner
- Secondary financing
- Interest only up to 80% loan to value
- Minimum 1 times debt service cover on income producing properties