Areas of expertise

Canada

Commercial | Industrial | Retail | Land Acquisition | Refinance | Construction

United States

Industrial | Multifamily | Retail Acquisition | Refinance | Construction

Loan Details

Owemanco provides competitive financing rates for private mortgages in both Canada and the United States.

Ontario

  • LOAN AMOUNT Up to $50 million
  • TERM 6 to 24 months with Renewals
  • INTEREST RATE Starting from Prime +2.25%
  • TIMING TO CLOSE 24 Hours (Residential)
    48 Hours (Commercial)

USA

  • LOAN AMOUNT Up to $35 million
  • TERM 6 to 24 months with Renewals
  • INTEREST RATE Starting from Prime + 2.25%
  • TIMING TO CLOSE 7 Days

Areas Of Expertise

  • Residential
  • Commercial
  • Industrial
  • Purpose-Built Assets
  • Land Development
  • Residential & Commercial
  • Construction

Target Transactions

  • Acquisition Financing
  • Refinancing
  • Construction Financing

Markets

  • Ontario

Financing Parameters

  • Lending Parameters
    Flexible and customizable for each transaction
  • Timing to Close
    24 hours (Residential) & 48 hours (Commercial)
  • Loan Size
    Up to $50 million
  • Loan to Value
    Up to 70%
  • Lien Position
    First mortgage
  • Loan Term
    6 to 24 months, with renewals
  • Extensions
    Starting at 1% renewal fee
  • Interest Rate
    Starting from Prime + 2.25%
  • Amortization
    Interest Only
  • Pre-payment
    Flexible. Open on 1 month’s notice and payment of 1 month’s interest premium
  • Payment Frequency
    Monthly
  • Reports
    Appraisals, Quantity Surveyance, Environmental Reports, Insurance Reviews where applicable
  • Lender’s Fees
    Starting at 1.5% of loan amount
  • Brokerage Fees
    Up to 2% of loan amount

Areas Of Expertise

  • Industrial
  • Commercial Acquisitions
  • Refinance
  • Construction

Target Transactions

  • Acquisition Financing
  • Distressed Sales / REO
  • Refinancing
  • Discounted Pay-Offs
  • Non-Performing Note
  • Acquisitions

Markets

  • New York
  • Florida
  • California
  • Illinois
  • Texas
  • Nevada
  • Other Urban Centers

  • Lending Parameters
    Flexible and customizable for each transaction
  • Timing to Close
    7 Days
  • Loan Size
    Up to $35 million
  • Loan to Value
    Up to 70%
  • Lien Position
    First mortgage
  • Loan Term
    6 to 24 months with renewals
  • Extensions
    Starting at 1% renewal fee
  • Interest Rate
    Starting from Prime + 2.25%
  • Amortization
    Interest Only
  • Pre-payment
    Flexible. Open on 1 month’s notice and payment of 1 month’s interest premium
  • Payment Frequency
    Monthly
  • Reports
    Appraisals, Cost Consultant, Environmental Reports, Insurance Reviews where applicable
  • Lender’s Fees
    Starting at 1.5% of loan amount
  • Brokerage Fees
    Up to 2% of loan amount

Featured transactions

Pasadena,TX

$33,667,500 | Pasadena

Multifamily
Pasadena,TX