Brightpath Capital Corporation

CLICK HERE FOR THE Brightpath – Broker Reference Guide

PROGRAM OVERVIEW

www.brightpathcapital.ca

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

LENDING AREA

All residential properties across Ontario will be considered, with pricing adjustments made based on the following:

  • Tier A – population centres greater than 100,000
  • Tier B – population centres less than 100,000

2nd mortgages

  • available in Tier A and B

1st mortgages

  • available in Tier A
  • Tier B will be considered with satisfactory credit (640+ credit score) and property

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, credit score, city size, TDSR and risk adjustment premium
  • Best pricing at 65% LTV or less
  • SEE PRICING MATRIX

General pricing guidelines:

o Base Rate

– 1st mortgage – 6.75%

– 2nd mortgage – 10.75%

  • Discretionary risk surcharge – up to 75 bps

o Base Fee

– 1st mortgage – 2.0% (minimum $5000)

– 2nd mortgage – 5.0% (minimum $2000)

– Fee surcharge based on:

  • LTV
  • Credit score
  • Population size (tier A or B)

SUBMISSION PROCESS

  • Contact your BDM Dan Pauls at dpauls@brightpathcapital.ca or cell 519-500-3330 to discuss your deal
  • Submit deal to us on Filogix

○Include underwriter notes and desired broker payment

  • Underwriter review application and provides terms to broker
  • Broker discusses terms with client and then request commitment from underwriter
  • Broker orders appraisal from Brightpath appraisal list
  • Broker submits all other required docs to Doc Fulfillment Specialist assigned to the deal
  • Lawyer is instructed once all conditions have been fulfilled

Dan Pauls

Director, Business Development

519-500-3330

dpauls@brightpathcapital.ca

Enquiry About Mortgage