Last updated on May 14th, 2018 at 06:21 pm
REAL ESTATE BRIDGE LENDING
- EXPEDITED CLOSINGS
- CUSTOM TAILORED FINANCING SOLUTIONS
- CANADA & U.S.A
Owemanco is a private, equity-based mortgage lender specializing in commercial, industrial and construction financing transactions.
EXPEDITED CLOSINGS FLEXIBLE & CREATIVE PROVEN TRACK RECORD
When it comes to the arrangement a bridge loan, each solution has to be unique. We deliver innovative thinking and decisive action. Ontario Wealth Management Corporations portfolio consisted of 118 mortgages with a cost of $125.74 million, 97% of which were at the top, as of December 31, 2016. The loans we have awarded, have terms of at least one year and are typically subject to a prepayment bonus in favour of the Trust.
CUSTOM TAILORED FINANCING SOLUTIONS
Owemanco possesses a unique expertise at analyzing equity- based mortgages, offering a competitive source of short-term financing for transactions from $250K to $6 million by underwriting loans on behalf of investors seeking secure investments and consistently strong returns.
Owemanco’s procedure, in the underwriting of prospective loan transactions, tends to focus on the value and liquidity of the real property, that forms the underlying security for our loans; however, it is critical that the borrower has an ability to service the debt during the term of the loan.
We possess a team of experts who have the ability to analyze and solve complex real estate financing transactions. At the Ontario Wealth Management Corporation, we are led by a doctrine which states that a good loan is one that ensures that all parties are satisfied i.e. we would allow borrowers to achieve their goals as well as provide interest income to our investors.
We are proud members of the Canadian Mortgage brokers Association of Ontario, as well as the Private Capital Markets Association and the Toronto Construction Association. The Ontario Wealth Management Corporation is a company which operates as a Mortgage Brokerage (Lic. 10506) as well as a Mortgage Administrator (FSCO Lic. 11758) under license with the Financial Services Commission of Ontario.