Timbercreek Mortgage Investment Corporation is a publicly traded investment fund (TSX:TMC) focused on providing short term, non-bank mortgage loans of most asset types to experienced borrowers across Canada.
General Lending Guidelines
- First and Second Mortgages on most asset types
- Up to 85% Loan-to-Value (income producing properties)
- Acquisitions, Bridge Loans, Refinancing, Equity Take-Out
- Land & Construction Loans on a Select Basis
- Standard Lender Due Diligence (Borrower, Legal, Appraisal, Environmental & Engineering Reviews)
- Clearly Defined Exit Strategy
Typical Loan Terms
- Min/Max Loan Amount: $500,000 to $15,000,000
- Term: Up to 36 months
- Amortization: Interest only or Flexible Amortization
- Interest Rate: Fixed from 8.5% + Lender Fees
- Flexible Prepayment Options
- Borrower Recourse or Guarantor Required
- Quick Turnaround and Response Time
Recent Transactions
| Multi-Residential | $1,000,000 | 2nd Mortgage | Montreal, Quebec |
| Single Family Construction | $850,000 | 1st Mortgage | Ottawa, Ontario |
| Seniors Housing | $7,000,000 | 2nd Mortgage | Various Provinces |
| CBD Office | $1,800,000 | 2nd Mortgage | Toronto, Ontario |
| Anchored Retail | $2,750,000 | 1st Mortgage | Drayton, Alberta |