Login to My Account Information
User ID: 
Password: 
  Forgot your Password?
Account Login

Residential Lending

Lanyard Financial Corporation’s new jumbo residential lending program provides first mortgage financing on luxury single family homes and condominiums. Lanyard’s residential loan program provides mortgage solutions for clients with large mortgage needs and who currently sit outside of traditional bank lending guidelines. Our Jumbo Loan Program features the following criteria:

Loan Amounts: $750,000 to $5,000,000.

Assets: Luxury single family homes and condominiums.

Loan to Value: Up to 65%.

Interest Rates: 5.95% to 7.50%.

Term: Typically 12 month loan terms with borrower option for an additional 12 month extension term.

Market: British Columbia, Alberta, Saskatchewan, Manitoba and Ontario

So, what do we do different?

  • No minimum beacon as we are an equity driven lender.
  • No GDS/TDS requirements.
  • Acquisition financing and refinancing available.
  • Flexible repayment privileges.
  • Non-resident borrowers welcome.
  • Interest reserves available.
  • Non-recourse loans available.

 

Mortgage Lending Matrix
Loan to Value Typical Interest Rate Range
25% - 40% 5.35% - 6.50%
40% - 50% 5.85% - 7.00%
50% - 65% 6.45% - 7.50%
Payment Comparison for $1M Mortgage
Interest Rate Amortization Monthly Payment
Bank:
3.75% 25 year $5,141
Lanyard:
5.25% Int. Only $4,375
5.75% Int. Only $4,791
6.25% Int. Only $5,208

 

 

 

 

 

 

 

 

For more information please contact Christine Perkins at cperkins@lanyardgroup.com.