Our lending parameters span a geographical range starting from Toronto and extending west to Stoney Creek, encompassing the diverse regions in between and catering to a wide array of clientele within this boundary.

In most cases, the answer leans towards a "yes." You can have your mortgage in your company name but we take a personal guarantee. However, it's essential to note that in such instances, we typically enforce a more restrictive loan-to-value (LTV) ratio to maintain our risk management standards.

Financial Capital Centre's core expertise lies in infill-construction lending and term mortgage loans, demonstrating our commitment to supporting the foundational development of our communities. We offer financing solutions that can cover up to 75% of a property's appraised value, ensuring our clients have the backing they need. When it comes to construction ventures specifically, we are prepared to finance as much as 75% of the underlying land value and are dedicated to shouldering 100% of the associated hard costs, making sure that the core expenses of the project are well catered for.

While Financial Capital Centre doesn't strictly define an upper limit for loans, historically, our funding for individual projects has ranged from modest amounts, starting at $250,000, and has reached as high as $20 million for larger endeavors.

At Financial Capital Centre, our lender's fee is calculated based on the total loan amount, and it typically falls within a range of 1% to 2%. This fee reflects our commitment to providing exceptional service and ensuring a smooth lending experience for our clients.

Typically, upon receiving a project proposal, we can provide an initial mortgage commitment within 24 hours. Funding of the loan follows promptly once due diligence is finalized, which usually takes about a week.

Typically, the longest duration we offer for our loan terms extends up to 2 years. This duration has been established based on our expertise and understanding of our clients' needs.

Construction loans are fully open for the term. Loans provided by us are typically flexible with regard to pre-payment, allowing borrowers added convenience. As for term loans, they can be prepaid by compensating with an interest "bonus" equivalent to 1-2 months' interest, providing a balance between flexibility and commitment.

Construction loans from our institution are based on a cost to complete basis. Once an inspection has been carried out and confirms the respective phase of work, advances are typically processed and made available within a span of 2 business days, ensuring the continuity and efficiency of the construction process.