Construction and Term Financing for Commercial and Industrial Projects. Venture Financial has extensive experience matching financing with the type of product. Some past projects we have helped to finance include:
Plazas
Office Buildings
Medical Buildings
Power Centers
Mixed use of Residential/Commercial Buildings (High & Low Rise)
Multiple or Single user’s Industrial Buildings
[rev_slider CommercialMortgages]
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Lending Criteria For All Following Properties (Examples only) Terms and Conditions may very from time to time.
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Property Type
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Loan Size (millions)
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Term (years)
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Amortization (years)
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Indicative* Spreads Over Cda. Bonds
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L.T.V (max)
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D.S.C (min)
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Multi-Family Residential
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$ 1- Higher
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5/7/10
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15-30
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80-170bps
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85%
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1.2:1
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Mobile Home Parks
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$ 1- $20
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5/7/10
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15-30
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200-275bps
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75%
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1.25:1
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Retail
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$ 1- $30 or Higher
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5/7/10
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15-25
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150-250bps
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80%
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1.25:1
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Office
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$ 1 – $30 or Higher
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5/7/10
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15-25
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180-250bps
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75%
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1.25:1
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Medical Office
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$ 1 – $30 or Higher
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5/7/10
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15-25
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180-250bps
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80%
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1.25:1+
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Industrial
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$ 1 – $30 or Higher
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5/7/10
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15-25
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180-250bps
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75%
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1.30.1
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Self-Storage
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$ 1 – $30
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5/7/10
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15-25
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225-350bps
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75%
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1.20:1
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Mixed Use Property
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$ 1 – $30 or Higher
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5/7/10
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15-30
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185-275bps
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75%
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1.25:1
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Hotels (Chain/Flagged)
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$ 2 – $30 or Higher
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5/7/10
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15-25
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200-350bps
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70%
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1.50:1
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Retirement Homes
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$ 2 – $30 or Higher
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5/7/10
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15-25
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224-275bps
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75%
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1.30:1
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* Spread over Government of Canada Bond Yield will be determined at the time of commitment by the Lender. It will be based on the current market conditions at the time and on loan to value and debt service ratios, tenant’s, borrower and property quality. This list is provided as a general matrix of underwriting used in the mortgage industry.
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