Financing Types

Types of Financing We Facilitate

The Financing Hub provides a wide range of financing options for your funding needs.  If you have any questions as to whether or not we have the right funding option for you simply ask any member of our team.

Conventional Mortgages

The Financing Hub carries a comprehensive choice of conventional mortgages for a very broad range of multi-family, commercial or industrial building or location.

  • 1sts, 2nds and 3rds
    • 1st to 75% LTV
    • 2nd to 85% LTV
    • 3rds will be assessed on a case by case basis
  • Competitive rates subject to LTV and credit profile
  • 1sts for population centres as low as 5,000
  • 2nds for population centres as low as 35,000

 

Our funding partners offer mortgage financing for purchases, refinancing, equity take-outs and working capital.

Renovation Financing

Upgrading your building for new tenants or renovating to get ready for a sale?  The Financing Hub offers unique options for renovation financing.  Typically, short term in nature (3 to 12 months), our funding partners can often tailor a solution that fits your current renovation project.

Typically, rates will reflect the second or subordinated security position and the short term nature of the loans. In most cases the borrower should be prepared to provide evidence (appraisal, CMA or relevant local comparables) that supports the owner’s estimates of Value Upon Completion.

Equity Financing

The Financing Hub currently has options for equity funding for larger ($5 million to $40 million) projects.  Our funding partners are typically looking for development or redevelopment projects that can show clear support for the anticipated property value increases which will generate the ROE expected.   

Projects should generate returns of 35% or more, and have clearly defined liquidation events, or takeout financing plans which will allow the funding partner to chrystalize their returns.

Equity Financing is generally available in areas with a population density of 150,000 or more.

All equity financing applications will be assessed on a case by case basis regardless of the funding partner chosen.

Construction Financing

The Financing Hub currently holds options for staged construction financing between $500,000 and $10 million, as well as options for construction projects in excess of $20 million.  All applications should include evidence all required permits and zoning are in place.  Pre-construction and/or initial land acquisition funding should apply under The Financing Hub’s Land loan funding options.

Developers should be prepared to demonstrate their existing levels of experience and plans for takeout financing should be included within the application.

Eco-Retrofit Financing

Eco-Retrofit Financing is a form of specialized renovation financing directly structured to take advantage of the higher energy efficiencies,  new lighting, HVAC, or water control systems, can generate.  The key advantage of these projects is that the energy cost savings often exceeds the cost of financing.

The Financing Hub’s eco-retrofit financing program is limited to commercial properties.

Where the borrower is a tenant and not the direct property owner, financing terms are limited to the term of the lease and landlord waivers will be required.

Residential Investor Financing

We at The Financing Hub,  take the position that any 3rd party investing in any property, for the purpose of generating rent and profit, is engaging in a commercial transaction.  Our residential investor program has been designed to meet that position.

  • 1st and 2nd mortgages up to 85%
  • Borrowers must be able to reference current/previous landlord experience
  • Properties must be able to demonstrate stand-alone debt coverage
  • Potential renter population will be evaluated based in part against general location population density
  • No limit of number of properties in borrower’s portfolio

 

Applications are subject to commercial assessments and must be able to provide evidence of adequate debt servicing and end of term repayment.

Eligible Property Types

The Financing Hub supports most types of commercial, industrial and multi-family property types.

Eligibility is typically subject only to the application conditions.

Agricultural

Garages

Hotel/Motel

Land

Multi-Family

Residential Rentals

Retail

Storage Units

Factories/Heavy Manufacturing

Gas Stations

Industrial/Light Manufacturing

Mixed Unit – Residential/Commercial

Office Buildings

Restaurants

Seniors Residence/Long Term Healthcare

Warehouses

For inquiries regarding other types of commercial properties please contact us.

Need help getting funded?

The team behind The Financing Hub has years of experience in CRE funding. We want to share our knowledge with you in a monthly email newsletter.

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