Lanyard Financial Corporation

 

 

Click here for Lanyard’s Residential Guidelines

Lanyard Financial Corporation is a residential & commercial equity lender operating since 1999. We specialize in short term financing for real property owners that are unable to obtain conventional bank financing due to factors such as: impaired credit, insufficient verifiable income or cash flow, residency issues, rush funding requirements, and complicated collateral arrangements (e.g., mixed asset types or varied geography).

Lanyard Financial Corporation’s residential lending programme provides first mortgage financing on urban single family homes and condominiums located in Western Canada and the GTA. We work with mortgage brokers to provide alternative mortgage solutions for clients with mortgage needs that cannot be satisfied by conventional lenders.

Residential Lending Criteria

Loan Amounts:  $500,000 to $5,000,000

Security:               Urban single family homes and condominiums

Loan to Value:   Up to 65%

Interest Rates:   Starting at 5.75%

Lender Fee:         Generally, 2% split 50/50 with the referring mortgage broker

Term:                    Typically, 12 month term with an option to extend for an additional 12 months

Lending Areas:   British Columbia: Lower Mainland, Kelowna, Vernon, Victoria, Squamish, Whistler

Alberta: Edmonton and Calgary

Ontario:  Greater Toronto Area

 

So, what do we do different?

  • Equity based lending decisions
  • No minimum beacon as we are an equity focused lender
  • No GDS/TDS requirements
  • Acquisition financing and refinancing available
  • Flexible repayment privileges
  • Resident or Non-resident applicants
  • Interest reserves available
  • Non-recourse loans available

 

www.lanyardgroup.com

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