PRODUCT TYPES
Commercial & Select Residential
At Cosman Mortgage Capital, we specialize in real estate investments and offer a wide range of products to help you get the most out of your investment. From multi-family to agricultural, office buildings to hotels, and gas stations to industrial, we have the right financing solution for you. Our stabilization loans can help you purchase and improve existing real estate, while our condo inventory and self-storage loans can help you maximize returns on those investments. We offer cap-ex financing, speciality properties on a case-by-case basis, and residential construction loans, with a minimum loan amount of $1.0 million. Let us help you make the most of your real estate investments.
PRODUCT TYPES
Commercial & Select Residential
At Cosman Mortgage Capital, we specialize in real estate investments and offer a wide range of products to help you get the most out of your investment. From multi-family to agricultural, office buildings to hotels, and gas stations to industrial, we have the right financing solution for you. Our stabilization loans can help you purchase and improve existing real estate, while our condo inventory and self-storage loans can help you maximize returns on those investments. We offer cap-ex financing, speciality properties on a case-by-case basis, and residential construction loans, with a minimum loan amount of $1.0 million. Let us help you make the most of your real estate investments.
- Multi-Family
- Agricultural
- Vacant Lands (Long-Term Holds)
- Development Lands
- Stabilization Loans
- Office Buildings
- Hotels (Branded)
- Gas Stations
- Industrial
- Mixed-Use
- Parking Lots
- Condo Inventory
- Self Storage
- Cap-Ex Financing
- Specialty Properties (Case-by-Case)
- High-End residential having a min loan amount of $1,000,000
General Pricing
While every mortgage is case by case, in general, our mortgage pricing ranges for first mortgages starting from Prime + 2% and up. Generally, lower pricing is available for high-end residential properties, income-generating commercial properties, or lower LTV, whereas pricing modifiers are applied to specialty lands, including but not limited to predevelopment land transactions, properties in transition, specialty properties, or higher LTV. Similarly, our second mortgages typically start at Prime + 5% and have pricing modifiers similar to our first mortgages.
General Pricing
While every mortgage is case by case, in general, our mortgage pricing ranges for first mortgages starting from Prime + 2% and up. Generally, lower pricing is available for high-end residential properties, income-generating commercial properties, or lower LTV, whereas pricing modifiers are applied to specialty lands, including but not limited to predevelopment land transactions, properties in transition, specialty properties, or higher LTV. Similarly, our second mortgages typically start at Prime + 5% and have pricing modifiers similar to our first mortgages.
WHERE WE FINANCE
- Toronto
- Hamilton
- Oshawa
- Peterbourgh
- St. Catharines - Niagara
- Brandford
- London
- Windsor
- Sarnia
- Kitchener, Cambridge, Waterloo
- Barrie
- Peterborough
- Belleville
- Kingston
- Brockville
- Cornwall
- Ottawa
REQUIRED DOCUMENTS FOR BORROWERS
General*
- Application Form
- Summary of what is being requested
- What will be the other sources of funds
- What will be the use of our funds
* Such other information, the Lender may reasonably require
Corporations
- What are the Day to Day business activities
- Articles of Incorporation
- Name of shareholder with % ownership
- 2 years of Financial Statements
Individuals
- 2 pieces of current Government ID
- Credit Report
- Net Worth Statement (within past 30 days)
- 2 years NOA (and T1's if necessary)
Properties
- Current Appraisals
- Environmental Report if Commercial/Land
- Property Tax Statement
- Existing Mortgage details
- Site Inspection
- APS if a purchase
- Leases if a rental
- Rent Roll if more than 2 leases
- Building Condition Report if applicable
Properties (Vacant, Developable Lands)
- OP / Zoning is there a need to amend
- Draft Plan Approvals, Site Plan Apps etc.
- Budget
- Resume of Developer
- Any property reports, drawings, studies
