Lanyard Financial Corporation’s jumbo residential lending program provides first mortgage financing on urban single family homes and condominiums located in British Columbia and the GTA. We work with mortgage brokers to provide alternative mortgage solutions for clients with large mortgage needs that currently sit outside of traditional bank lending guidelines.
Lending Criteria
Loan Amounts: $1,500,000 to $5,000,000.
Assets: Urban single family homes and condominiums.
Loan to Value: Up to 70%.
Interest Rates: Starting at P+2%.
Lender Fee: Generally, 2% split 50/50 with the referring mortgage broker.
Term: Typically 12 month term with an option to extend for an additional 12 months.
Lending Areas: Urban areas in British Columbia, and Ontario.
