Meeting Your Financial Needs with Customized Lending Solutions

At REICO, we understand that different lending situations require tailored solutions. Our comprehensive range of lending options is designed to address a variety of financial needs and challenges. Whether you require 1st or 2nd mortgage loans, foreclosure intervention, construction mortgage loans, debt consolidation, or assistance in clearing CRA debt or writs/judgments, we have the expertise and flexibility to help you.

1st & 2nd Mortgage Loans: Our lending solutions include both 1st and 2nd mortgage loans, providing borrowers with options to access financing based on their specific requirements. Whether you’re a first-time homebuyer or looking to leverage the equity in your property, we can assist you in securing a mortgage loan that meets your needs.

Foreclosure Intervention: If you’re facing the possibility of foreclosure on your property, we offer foreclosure intervention solutions to help you navigate this challenging situation. Our experienced team will work with you to explore alternative financing options and develop a plan to prevent foreclosure and protect your investment.

Construction Mortgage Loans: If you’re embarking on a construction project, we provide construction mortgage loans to fund the development of residential or commercial properties. Our lending solutions are tailored to the unique requirements of construction projects, ensuring that you have access to the necessary funds throughout the building process.

Debt Consolidation: If you’re burdened with multiple debts and struggling with high-interest rates, our debt consolidation solutions can help you simplify your finances. By combining your debts into a single loan with a manageable monthly payment, you can regain control of your financial situation and save on interest charges.

Clearing CRA Debt: If you’re facing outstanding debt with the Canada Revenue Agency (CRA), we offer lending solutions to help you clear your CRA debt. Our experienced team will work with you to develop a plan that allows you to settle your obligations and restore your financial stability.

Clearing Writs/Judgments: Dealing with writs or judgments can have a significant impact on your financial well-being. Our lending solutions can assist you in clearing writs/judgments, providing relief from legal and financial burdens.

We understand that every borrower’s situation is unique, and we are committed to finding the right lending solution for your specific needs. Our team of experts will assess your circumstances, consider your financial goals, and develop a customized plan that aligns with your objectives. Contact us today to discuss your lending situation and explore the options available to you. Together, we can overcome financial challenges and help you achieve a brighter financial future.

Understanding LTV Ratios Based on Property Locations

When it comes to determining loan amounts, the loan-to-value (LTV) ratio plays a crucial role. At REICO, we have specific guidelines for LTV ratios based on the property location. Understanding these guidelines can help borrowers determine their maximum loan amounts and plan their financing accordingly.

Major Centers and Direct Surrounding Areas: In major centers and their direct surrounding areas, we offer loans with a maximum LTV of 100% (conditions apply). These major centers are typically characterized by higher property values and greater market stability. By providing loans with a higher LTV ratio in these areas, we aim to support borrowers in acquiring properties in desirable locations.

Rural Properties: For rural properties located anywhere in Canada, the maximum LTV ratio may be lower. The specific LTV ratio will depend on various factors, including the property’s location, market conditions, and property values in the area. Our team will assess these factors and determine the appropriate LTV ratio based on the lending guidelines.

Determining the LTV ratio is essential in assessing the risk associated with a loan. The LTV ratio represents the loan amount as a percentage of the property’s appraised value or purchase price, whichever is lower.

It’s important for borrowers to consider the LTV ratio when planning their financing. A higher LTV ratio may allow borrowers to access more funds, but it also means a larger loan amount relative to the property value. This can impact the loan terms, such as interest rates and repayment terms. On the other hand, a lower LTV ratio may require a larger down payment or result in a smaller loan amount, but it can provide a greater sense of security and potentially more favorable loan terms.

Our experienced team at REICO will assess your specific property location and determine the appropriate LTV ratio based on the lending guidelines. We understand the unique characteristics of different property locations and aim to provide financing solutions that align with your needs and the property’s market conditions.

Contact us to discuss your property location and explore the financing options available to you. Our team will guide you through the process, evaluate your eligibility, and provide you with the information needed to make informed decisions regarding your loan amount and financing terms. Together, we can navigate the loan process and help you achieve your real estate goals.

Flexible Financing Based on Stated Income

When it comes to mortgage loans, we understand that traditional income verification methods may not accurately represent a borrower’s financial situation. Many self-employed individuals, freelancers, and individuals with non-traditional income sources face challenges when it comes to providing extensive documentation to verify their income. That’s why we offer stated income guidelines, providing flexibility for borrowers to access mortgage financing based on their stated income.

Stated income allows borrowers to provide information about their income without the need for extensive documentation or verification. This can be beneficial for those who have fluctuating income, income from multiple sources, or income that is not easily documented through traditional means. By considering the borrower’s stated income, we aim to provide a more inclusive approach to mortgage lending, enabling individuals with non-traditional income to access the financing they need.

Our stated income guidelines are designed to cater to the unique financial situations of borrowers. Whether you’re self-employed, a freelancer, a contract worker, or have income from investments or rental properties, our flexible financing options can accommodate your stated income. By evaluating your financial profile as a whole, we can assess your ability to manage mortgage payments based on your stated income and other relevant factors.

It’s important to note that stated income does not mean no income verification at all. While we may not require extensive documentation for income verification, we still assess the reasonableness and consistency of the stated income provided. This ensures responsible lending practices and helps protect both the borrower and the lender.

If you have non-traditional income sources or find it challenging to provide extensive income documentation, our stated income guidelines can help you secure a mortgage loan. Our experienced team will work with you to understand your financial situation, evaluate your stated income, and determine the appropriate mortgage financing options available to you.

Contact us today to learn more about our stated income guidelines and how they can benefit you. Our dedicated professionals are ready to assist you in navigating the mortgage loan process and finding a financing solution that suits your needs and financial circumstances. With our flexible approach to stated income, we aim to provide opportunities for real estate to a broader range of borrowers.

Flexible Financing Based on Property Equity

At REICO, we understand that traditional debt-to-income calculations, such as Gross Debt Service (GDS) and Total Debt Service (TDS), may not always accurately reflect a borrower’s ability to manage their mortgage payments. That’s why we offer equity-based financing solutions that do not require GDS/TDS calculations. Instead, our lending decisions are primarily based on the equity available in the property, providing more flexibility for borrowers with unique financial situations.

GDS and TDS ratios are used by traditional lenders to assess a borrower’s ability to manage their mortgage payments based on their income and existing debts. These ratios typically have specific thresholds that borrowers must meet to qualify for a mortgage. However, these requirements can be challenging for individuals with higher debt levels or non-traditional income sources.

Our equity-based financing approach focuses on the available equity in the property rather than strict debt-to-income calculations. By considering the equity, we can offer more flexible financing options to borrowers who may not meet the traditional GDS/TDS guidelines. This means that even if your debt-to-income ratios exceed traditional limits, you may still be eligible for our financing solutions.

The equity-based financing process involves evaluating the value of the property and the equity that can be utilized to secure the loan. This approach allows us to assess the overall financial strength of the borrower and the property, taking into account factors beyond just income and debt ratios. By leveraging the equity in the property, we can provide financing options that are tailored to your unique circumstances.

We understand that every borrower’s financial situation is unique, and our equity-based financing solutions are designed to accommodate a variety of scenarios. Whether you have high existing debts, non-traditional income sources, or unique financial challenges, our experienced team can work with you to find a financing solution that suits your needs.

If you’re seeking financing and traditional GDS/TDS calculations are a barrier, our equity-based financing options may be the solution you’re looking for. Contact us today to discuss your financing needs and explore how our equity-based approach can work for you. Our dedicated professionals are ready to guide you through the process, evaluate the equity in your property, and provide you with the information needed to make informed financing decisions. With our flexible and equity-focused approach, we aim to help borrowers overcome financial obstacles and achieve their real estate goals.

Transparent and Cost-Effective Financing Solutions

At REICO, we believe that accessing financing should be affordable and transparent. That’s why we will find you a competitive lender fee. We understand that minimizing costs is crucial for borrowers, and our low lender fee allows you to benefit from cost-effective financing options without compromising on the quality of service and support.

With a low lender fee, you can access the funds you need while keeping borrowing costs manageable. We strive to provide value to our clients by offering competitive rates and fees that align with your financial goals. Our transparent fee structure ensures that you have a clear understanding of the costs involved in your loan, enabling you to make informed decisions.

We recognize that every borrower’s financial situation is unique, and we are committed to finding the most suitable financing solutions for your needs. Whether you’re seeking a mortgage, a business loan, or other types of financing, our low lender fee can help you achieve your goals without breaking the bank.

In addition to a competitive lender fee, we pride ourselves on delivering exceptional service and support throughout the borrowing process. Our team of experienced professionals is dedicated to providing personalized guidance and assisting you every step of the way. We believe that accessing financing should be a seamless and positive experience, and our commitment to customer satisfaction sets us apart.

Contact us today to discuss your financing needs and discover how a low lender fee can work for you. We will take the time to understand your unique requirements and recommend the most suitable financing options. With REICO, you can access cost-effective financing solutions that empower you to achieve your financial goals while keeping your borrowing costs under control.

Prioritizing Stability and Security in Mortgage Financing

At REICO, we prioritize the stability and security of our mortgage loans by adhering to specific parameters. These parameters ensure that we provide well-defined financing solutions that meet the needs of our clients. When you choose REICO for your mortgage financing, you can expect loans that align with the following parameters:

Maximum Loan-to-Value (LTV) Ratio: To mitigate risk, we do not exceed an 95% LTV ratio (conditions apply). This means that the loan amount will not exceed 80% of the property’s appraised value. By maintaining a conservative LTV ratio, we aim to protect both our clients and our lending practices.

Well-Defined Urban Areas: We focus our mortgage lending activities in well-defined urban areas, particularly in Calgary, Edmonton, and their immediate surrounding areas. This approach allows us to have a comprehensive understanding of the local market dynamics and offer financing solutions that cater to the unique needs of these urban areas.

Minimum Property Residency: We require a minimum property residency of 5 years. This ensures that the borrower has a well-established connection to the property and is committed to its long-term ownership. By considering borrowers who have lived in the property for a significant period, we promote stability in homeownership.

Amortization Period: Our mortgage loans have an amortization period of 15 years or less. This shorter amortization period allows borrowers to build equity in their properties more quickly and pay off their mortgages in a timely manner. By encouraging shorter amortization periods, we promote financial discipline and long-term financial stability.

Residential Properties over Rental Properties: While we prioritize residential properties, we may consider rental properties on a case-by-case basis. Our focus on residential properties is driven by the desire to support homeownership and provide financing solutions for individuals seeking to establish their primary residence.

By maintaining these parameters, we strive to provide secure and well-defined mortgage loans that align with our clients’ financial goals and promote the stability of their investments. Our dedicated team is available to discuss your specific mortgage needs and explore how we can tailor our financing solutions to meet your parameters.

Contact us today to start a conversation about your mortgage requirements. Our experienced professionals will guide you through the process, assess your eligibility, and provide the support and expertise needed to secure the right mortgage loan that meets your specific parameters. At REICO, we are committed to providing financing solutions that prioritize stability, security, and your long-term financial success.

Financing Solutions for Retail Centers, Offices, and More

REICO is a leading provider of commercial mortgages, offering financing solutions for various property types. We understand the unique needs of businesses and investors, and our goal is to provide flexible and tailored mortgage options to support your commercial ventures.

We consider applications for a wide range of property types, including:

Retail Centers: Whether you’re looking to acquire or refinance a shopping center, strip mall, or standalone retail property, we can help. Our commercial mortgages are designed to support retail businesses and provide the necessary capital for growth and expansion.

Office Spaces: From single offices to multi-tenant office buildings, REICO provides financing solutions for office spaces of all sizes. Whether you’re a business owner looking to purchase your own office or an investor seeking opportunities in the commercial real estate market, our commercial mortgages can meet your needs.

Mixed-Use Properties: If you have a property that combines residential and commercial elements, such as a building with apartments and retail spaces, our mortgage solutions can accommodate your unique financing requirements. We understand the dynamics of mixed-use properties and can structure loans accordingly.

Fully Tenanted Industrial Buildings: If you own an industrial property that is fully leased to tenants, our commercial mortgages can help you leverage the property’s income-generating potential. We consider the cash flow and tenancy stability when assessing loan applications for fully tenanted industrial buildings.

Condo and Lot Inventory: Developers and builders can benefit from our financing options for condo and lot inventory. Whether you’re looking to finance the construction of new condominium units or manage your land inventory, our commercial mortgages provide the necessary capital to support your projects.

Hospitality Properties: Hotels, motels, and other hospitality properties require specialized financing solutions. REICO understands the unique nature of the hospitality industry and offers commercial mortgages tailored to meet the specific needs of hotel owners and operators.

When it comes to loan parameters, we offer loan amounts of up to $100,000,000 for commercial mortgages, with first mortgage positions. Mezzanine financing is available on exceptions, providing additional flexibility for larger projects. Loan-to-value (LTV) ratios are determined on a case-by-case basis, ensuring that we offer competitive and responsible financing options.

Interest rates for our commercial mortgages start at (inquire)%, and we provide mortgage terms of up to 2 years. Whether you prefer an open or closed term, we can accommodate your preferences. Prepayment penalties on closed terms are standard, with a charge of 3 months’ interest.

At REICO, we believe in transparent and fair lending practices. Our lenders’ fees start from 1%, ensuring that you receive cost-effective financing solutions for your commercial mortgage needs.

Contact REICO today to discuss your commercial mortgage requirements. Our experienced team is ready to guide you through the application process, assess your financing needs, and provide customized solutions to support your commercial ventures.