Lanyard Financial Corporation’s jumbo residential lending programme provides first mortgage financing on urban single family homes and condominiums located in Western Canada 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.
Loan Amounts: $500,000 to $5,000,000.
Assets: Urban single family homes and condominiums.
Loan to Value: Up to 65%.
Interest Rates: Starting at 5.50%.
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: British Columbia, Ontario, Alberta, Saskatchewan and Manitoba.
|Mortgage Type||Loan Amount Range||Loan to Value (up to)||Interest Rates Starting at|
|Single Family + Condo||$500 K - $5 m||65%||5.50%|
|Luxury Condos||$500 K - $3.5 m||60%||5.50%|
|Rentals/Vacation||$500 K - $3.5 m||60%||6.00%|