Bespoke Mortgages
At GCMIC, we understand that no two properties or borrowers are the same. We provide solutions that most other lenders can’t, custom tailored to the borrower’s needs. We typically offer higher loan-to-values than most other private lenders, often up to 90% (uninsured). Lending on all property types, we offer one of the broadest suites of flexible options in the country. We make even the hardest deals look easy.
Property Type
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Raw land, subdivisions, urban infill, pre-rezoning, during-rezoning, rezoned
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Single-family, multi-family (rental apartments, condominiums), housing subdivisions, commercial, retail, office, industrial, hospitality, mixed-use, special purpose
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Single-family (owner-occupied, rental), multi-family (rental apartments, condominiums), recreational, lakefront.
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Retail, office (all classes), industrial, hospitality, seniors housing, farmland, storage, parking, gas stations, golf courses, special purpose
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Acquisition, bridge, development (rezoning phase, construction), renovation, re-positioning, stabilization, senior position take-outs, portfolio lending, residential inventory
Position
First, second, third and further subordinate; A/B and A/B/C participation
Term-to-Maturity
6 months to 5 years; typically includes flexible renewal and repayment options
Use of Proceeds
Flexible, equity withdrawals available
Mortgage Rate
Rates starting from Prime + 2%; amortizing or interest-only mortgages; adjustable-rate and participating mortgages
Collateral Security
Both guaranteed and non-recourse available
Timing
Our underwriting technology provides for loan approval decisions in 24 hours or less, with quick closings
Lending Region
Across Ontario
Stages
New purchase, refinancing, switching
Loan-to-Value
Up to 90% LTV (uninsured) and 85% LTC
We understand the complex needs of non-bank borrowers, including asset managers, developers, rental property investors, and non-prime borrowers. Simply put - we get deals done that other lenders cannot.
Mortgage Professionals
We work closely with our valued mortgage brokers, real estate agents, lawyer referrers, and co-lenders to ensure that their clients are provided the highest level of professional and ethical service. We are here to help the clients of all mortgage professionals, including through referrals and co-lending opportunities (syndications, A/B and A/B/C structures).
Borrowers
To start your loan application process or for any other inquiries, please do not hesitate to have your mortgage broker or lawyer contact us right now. Or if you don’t have one, contact us directly and we can get the process started for you.