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 ParametersFlexible and customizable for each transaction
- Timing to Close24 hours (Residential) & 48 hours (Commercial)
- Loan SizeUp to $50 million
- Loan to ValueUp to 70%
- Lien PositionFirst mortgage
- Loan Term6 to 24 months, with renewals
- ExtensionsStarting at 1% renewal fee
- Interest RateStarting from Prime + 2.25%
- AmortizationInterest Only
- Pre-paymentFlexible. Open on 1 month’s notice and payment of 1 month’s interest premium
- Payment FrequencyMonthly
- ReportsAppraisals, Quantity Surveyance, Environmental Reports, Insurance Reviews where applicable
- Lender’s FeesStarting at 1.5% of loan amount
- Brokerage FeesUp 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 ParametersFlexible and customizable for each transaction
- Timing to Close7 Days
- Loan SizeUp to $35 million
- Loan to ValueUp to 70%
- Lien PositionFirst mortgage
- Loan Term6 to 24 months with renewals
- ExtensionsStarting at 1% renewal fee
- Interest RateStarting from Prime + 2.25%
- AmortizationInterest Only
- Pre-paymentFlexible. Open on 1 month’s notice and payment of 1 month’s interest premium
- Payment FrequencyMonthly
- ReportsAppraisals, Cost Consultant, Environmental Reports, Insurance Reviews where applicable
- Lender’s FeesStarting at 1.5% of loan amount
- Brokerage FeesUp to 2% of loan amount
Featured transactions
Pasadena,TX
$33,667,500 | Pasadena
Multifamily
