Mortgage Broker Information

Mortgage Broker Information

For more than a collective 100 years, the team of Canada Penfund Mortgage Corporation has provided finance products and facilities to the commercial brokerage community across Canada. Canada Penfund recognizes that it cannot be all places and that the brokerage community plays an essential partnership role in bridging the origination gap between borrower and lender.

 

We combine a steady track record with a broad range of products and flexible solutions for brokers and their borrowers. We respond in writing within 48 hours of receipt of a completed file; our commitment process is electronic and streamlined and we have funding teams to get the job done.

 

We operate on a full disclosure basis so that parties understand the file at all times. Brokerage fees are delivered straight from funding to the broker at funding and broker service fees are protected by Canada Penfund throughout the transaction.

Loan Sizes General

CMHC insured loans are a core business of Canada Penfund, but its business is not limited to insured loans. Commercial loans >$2MM may be funded by institutional investors and serviced by Canada Penfund and its approved partner (AUM $14BB); no loan size limit. We have over 100 collective years of experience in providing commercial mortgages to our pension fund, trust and life company clients. Our team is known and respected nation-wide amongst these institutional investors. We have acted for over 30 pension funds and other investors in Canada.

General Lending Guidelines

  • First and Second Mortgages (on most asset types)
  • Up to 85% Loan-to-Cost/Value (income producing) Properties
  • Acquisitions, Bridge Loans, Refinancing, Equity Take-Out
  • Standard Lender Due Diligence (Borrower, Legal, Appraisal, Environmental & Engineering Reviews)
  • Clearly-Defined Exit or Term Strategy

Canada Penfund acts as correspondent agent for many institutional investors in conventional files.
There is no size limit for conventional or for CMHC-insured loans.

Loan Sizes General

Small loans are a core business of Canada Penfund, but its business is not limited to small loans. Small loans are funded with in-house funds from the Fund.

 

For loans over $3MM, Canada Penfund syndicates with insitutional investor partners. We have over 100 collective years of experience in providing commercial mortgages to our pension fund, trust and life company clients. Our team is known and respected nation-wide amongst institutional investors. Accordingly, we have no limit on size of loan. We have acted for over 30 pension funds and other investors in Canada.

General Lending Guidelines

  • First and Second Mortgages (on most asset types)
  • Up to 85% Loan-to-Cost/Value (income producing) Properties
  • Acquisitions, Bridge Loans, Refinancing, Equity Take-Out
  • Standard Lender Due Diligence (Borrower, Legal, Appraisal, Environmental & Engineering Reviews)
  • Clearly-Defined Exit or Term Strategy