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Commercial Lending

Lanyard Financial Corporation provides cost effective first and from time to time, second mortgage financing on an assortment of commercial real estate asset classes.  Our commercial lending program serves both primary and secondary Canadian urban markets. Each individual loan application is carefully analyzed by our lending professionals and loan particulars are customized to meet borrower requirements. We are actively expanding our mortgage portfolio with loans meeting the following criteria:

Loan Amounts: $1,000,000 to $20,000,000.

Assets: Real Property including anchored and unanchored retail, office, multi-family, bare land and industrial properties.

Market: Primary and Secondary Canadian urban markets.

Loan to Value: Up to 80% on income producing properties.

Interest Rates: 5.95% to 8.75% on first mortgages; facilities are generally interest only due to the short term nature of the financing.

Term: Typically 12 month loan terms with borrower option for an additional 12 month extension term (can offer extended terms for properties with adequate cash flow).

Recourse: Non-recourse loans available.

 

Commercial Mortgage Lending Criteria
Mortgage Type Loan to Value (up to) Loan Value Range Typical Interest Rate Range
Apartments 80% $1 million - $20 million 5.95% - 7.75%
Residential Condo Inventory 70% $1 million - $20 million 6.50% - 7.85%
Retail 75% $1 million - $15 million 6.95% - 7.85%
Office 75% $1 million - $15 million 6.95% - 7.85%
Industrial 75% $1 million - $15 million 6.95% - 7.85%
Land (Urban Infill) 70% $1 million - $20 million 7.35% - 8.75%

 

For more information please contact Sam Fogell at sfogell@lanyardgroup.com