9 Unit Townhome loan funded at $1.75 million mortgage at 75% LTV
Client was frustrated with time delays and continued information requests from their bank on the financing. NMIC issued a commitment within a week of receiving their request!
NMIC financing for a 5 year term commercial loan over 54 townhomes for $2,6000,000, 100% of cost at 5.45% !
10 unit townhome development in Campbell River, BC
NMIC arranges financing for a blanket 1st commercial mortgage over 30 townhomes for $13,000,000, 75% LTV and with a 2 year rate of 2.41%!
NMIC arranges financing on 12 newly constructed townhouses under an inventory loan basis and equity takeout.
NMIC has funded an older multi tenant commercial retail Mall in Red Deer for $6,500,000 at 3.6%. The deal was underwritten and funded in 40 days.
Construction financing for lot development in Cranbrook, BC $2,700,000
NMIC approves and funds Commercial building in Calgary all in the same week for $500k!
Client needed to close Fast and NMIC saves the day!
Northland Funds 5 storey Commercial building in Calgary for $2.7 million. Pays out bank that started foreclosure. Approved and Funded within 3 weeks of contact!
Rates as low as 5%. Qualifying properties must have CMHC 1st mortgages.
Bring us your commercial mortgage deals. We have new in-house funding and looking for deals to fund! Call us….
•New Accounts receivable factoring Product works like an Operating Line of Credit
• Based on total average AR balances. Up to 75% of accounts receivable balances under 90 days
• Funds available same day (up to facility limit)
• Factoring would be confidential between funder and client
•Clients would not be notified of any factoring arrangement
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1st of its kind!
$6,565,000 1st mortgage - 41 unit AirBNB apartment hotel funded in Langford, BC
29 Unit Condo inventory loan funded at $6 million mortgage in Duncan.