Brightpath Capital Corporation
Click here for the Brightpath Broker Reference Guide
PROGRAM OVERVIEW
Brightpath Capital Corporation is one of Ontario’s fastest growing private lenders. We offer residential mortgage lending across Ontario for a wide variety of borrowers and situations.
ABOUT BRIGHTPATH
- Brightpath Capital is a private lender headquartered in Waterloo, Ontario
- We follow a practical lending philosophy to ensure that each client’s application is considered based on its own specific merits and circumstances
- Specialize in alternative lending on residential properties throughout Ontario
All residential properties across Ontario will be considered, with pricing adjustments made based on location (Major Centre vs Small Town)
Major Centres
- Ontario cities with a population of at least 50,000+
- 1stmortgages to 80% LTV
- 2ndmortgages to 75% LTV
Small Town Lending Program
- Towns adjacent to thriving, major markets
- Must be a residential property located within a typical, residential neighbourhood
- 1stmortgages to 75-80% LTV
- 2ndmortgages to 70% on a case-by-case basis
PROPERTY TYPE
Residential lending only. No commercial use, mixed use, or agricultural zoning is permitted.
We look specifically for residential properties that demonstrate:
- Pride of ownership
- No deferred maintenance
- Marketability with ease of resale
- Renovations and flips will be considered – no construction mortgages
BRIGHTPATH PRICING MATRIX
- Risk based pricing – depending on LTV, mortgage size, property condition, credit score, city size, etc.
General pricing guidelines:
| Base Rate | Base Fee | |
| 1st Mortgages | 8.99% | 1.99% (minimum $5000 lender fee) |
| 2nd Mortgages | 9.99% | 3.99% (minimum $2500 lender fee) |
- All terms are interest-only
- Standard pricing is for a 12 month, closed term (2 month penalty for early payout)
- Open terms are available, as well as 3 month and 6 month terms.
SUBMISSION PROCESS
- Contact your BDM Dan Pauls at dan@brightpath.ca or cell 519-500-3330 to discuss your deal
- Submit deal to us on Filogix, Velocity or platform of choice
Dan Pauls
VP of Business Development
519-500-3330
