Mortgage Investments!
At Cosman Mortgage, we are proud to be a leading non-bank commercial real estate lending institution. Our business model is centered around providing investors with a secure lending option, prioritizing the preservation of capital while consistently delivering risk-adjusted returns.
Exit Strategy Focused Guidelines
We specialize in lending on a wide range of properties, including retail, commercial, industrial, and land, with a particular focus on major urban areas within southern Ontario. Our underwriting process is rooted in a deep understanding of risk, with a primary emphasis on the “Exit Strategy.” By carefully assessing the source of repayment, our goal is to facilitate a swift and successful loan repayment within 1-3 years, minimizing the risk of defaults.
Exit Strategy Focused Guidelines
We specialize in lending on a wide range of properties, including retail, commercial, industrial, and land, with a particular focus on major urban areas within southern Ontario. Our underwriting process is rooted in a deep understanding of risk, with a primary emphasis on the “Exit Strategy.” By carefully assessing the source of repayment, our goal is to facilitate a swift and successful loan repayment within 1-3 years, minimizing the risk of defaults.
Borrower Quality
We particularly prefer to work with Borrowers who possess a positive track record, a sterling reputation, and strong character. To ensure the utmost diligence, we make it our commitment to inspect every property thoroughly, conduct comprehensive background checks, and assess creditworthiness in themost meticulous manner. We have a strong dedication to prudent lending practices. We strive for excellence in every transaction, providing our investors with the confidence and peace of mind they need that their investment is well underwritten and in safe hands.
Underwriting Criteria - General Expectations:
12 - 18-month terms, generally with renewal options and investment amounts, start at $250,000 per mortgage for first and second mortgage options.
Generally, returns are more than Prime + 2% to Prime + 10%, depending on risk and priority position. Borrowers tend to have significant equity contributions, guarantees, and experience and can demonstrate a financial ability to complete an exit strategy.
A third-party consultant supports all loans as applicable, including but not limited to appraisers, environmental engineers, cost consultants, planners, revenue consultants, etc, and monthly reporting is provided for all mortgages.
Underwriting Criteria - General Expectations:
12 - 18-month terms, generally with renewal options and investment amounts, start at $250,000 per mortgage for first and second mortgage options.
Generally, returns are more than Prime + 2% to Prime + 10%, depending on risk and priority position. Borrowers tend to have significant equity contributions, guarantees, and experience and can demonstrate a financial ability to complete an exit strategy.
A third-party consultant supports all loans as applicable, including but not limited to appraisers, environmental engineers, cost consultants, planners, revenue consultants, etc, and monthly reporting is provided for all mortgages.
Commitment to Investor Success
At Cosman Mortgage Capital Corporation, we go beyond conventional standards to ensure investor success. Our commitment to transparency, customer-centric approaches, and the continuous pursuit of excellence in delivering customized short-term mortgage financing solutions sets us apart. Reach out now to partner with us for an investment experience that prioritizes your financial goals.
