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General Lending Guidelines

Maximum LTV:

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1st Mortgage Pricing:

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2nd Mortgage Pricing:

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Lending Areas:

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Minimum Loan Amount:

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Maximum Loan Amount (Residential):

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Maximum Loan Amount (Commercial):

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Term:

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Payments:

70%​

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Rate: 6.95%​+             Fee: 1%+

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Rate: 8.95%​+             Fee: 2%+

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All Major Centers of BC​

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$50,000​

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$3,500,000​

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$10,000,000+​

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6-24 months​

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Interest Only

Our Favourite Types of Loans:

1. Bridge Loans - Short term loans with a clear exit strategy

 

2. Commercial Loans - Multifamily, Industrial, Office, & Retail properties

 

3. â€‹Land Loans - Development sites with future value-added potential

 

4. ETO & Debt Consolidation - Small or large loans to turn equity into cash

Derek Chappell

Loan Origination & Lead Underwriter

Email:

Phone:

Cell:

derek@mandatemortgage.com

604-731-2899

778-989-4050

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