Lanyard Financial Corporation has been providing creative mortgage solutions since 1999.
The principal focus of the lending business consists of bridge loans:
Lanyard’s lending program focuses on interest-only loans having terms of one year, extendible for one additional year at the option of the borrower. A reserve to cover interest not payable from cash flow can be arranged from loan proceeds. A project reserve to cover development or renovation costs can also be established from loan proceeds in certain circumstances. Second mortgage loans can be arranged in cases where sufficient equity is available.