Percival Alexander

Percival Alexander - Mortgage Broker/Mortgage Agent

Percival Alexander, Mortgage Brokerage – Manager Finance Division
CDN Business Investor Corp.
30 Carrier Drive, Suite 202
Toronto, ON M9W 5T7
Phone: 416 410 8477
Cell: 416 410 8477
Fax: 416 410 8477
E-Mail: cbic@on.aibn.com

CDN Business Investor Corp. (CBIC) Private lenders have financed the following types of transactions over the past 20 years; Residential and commercial mortgages; land; land for redevelopment; residential development; condominiums; retail malls; automobile dealerships; mini-warehouses; landfills; gas stations; parking lots; hotels/motels; golf courses; fuel facilities; bed and breakfast; convenience stores; movie theatres; mixed use facilities; boat production; recycling facilities; offices; industrial; medical offices; outlet malls; business debt consolidation; companies in distress; restaurants/delis/dinners; RV/mobile home parks; athletic/sport facilities/training centres; marinas and marine facilities; and transportation facilities in Ontario, Canada and (USA on a case by case basis).

Our private loans are almost all interest-only and very flexible in terms of term, rate and fees and very on a deal to deal basis.

See detailed description of the basic private lending parameters provided below:
Types of Loans
• First or second mortgages on income producing real estate up to 85% of value.
• First or second mortgages on residential up to 85% of value (90% case by case).
• 1st mortgages on residential and commercial land up to 75% of appraised value.
• Construction loans up to 100% of cost and up to 80% loan to value.
• Loans to condominium corporations.
Terms
• Loan amounts of $200,000 to $50,000,000
• Interest only (or an interest reserve established at funding).
• Limited recourse
• Bridge and mezzanine loans
• 6 months to 5 year terms
Due diligence includes exit strategy, site inspection, local market review, and third party reports including appraisals, environmental and building condition reports.
Residential mortgages range from of $150,000 to $20,000,000.00 from borrowers whose financing needs are not being met by financial institutions.
Typical borrowers are self-employed individual with non-provable income or have bruised credit, or have low income but substantial assets, individual turned down by the bank because of bad credit, individuals having financial problems with home equity.

CBIC does not have a template-there is no “one-size-fits-all” model used to try to shape the client into. There is no debt to equity ratio box to fit into. CBIC lenders provide true equity lending.
While other firms spend their time looking for capital, CBIC is presenting their clients to the Capital.
If I can be of any help, please don’t hesitate to get in touch with me.

WE WELCOME. ALL PRIVATE LENDER’S INQUIRES.

CDN Business Investor Corp. License #10234

Find More Mortgage Brokers/Agents/Lenders in Ontario - Comments (0)
Mortgage Agents Servicing:

Leave a Reply

Your email address will not be published. Required fields are marked *

*