Private mortgage Montreal

Private mortgage Montreal : There are times when acquiring a conventional mortgage can be difficult or not practical. This is when a private mortgage becomes a necessary route. This could be because you are buying a revenue property and want to maximize the rents by renovating or improving the quality of your tenants before locking in long term with a conventional bank. Or maybe it is a commercial building for your business and the bank wants you to own the property for a year before giving you financing. Perhaps you had a little problem with credit but have a good income and down payment and need to prove to the banks that you can pay a mortgage before they will give you one. The various scenarios are limitless and the options can be limited.  Where to turn? What can you do?  Are your dreams dashed? This is where a private mortgage lender can help. A private lender has different lending parameters than a bank. Generally they are also quicker.  Interest rates are usually higher, h

From Canadian Real Estate Wealth: Sept 25, 2017   With uncertainty spreading through traditional investment markets, more investors are seeking out alternative vehicles in which to place their funds. Historically, when people thought about investment opportunities, their options were limited to stocks, bonds, and real estate, but with returns increasingly difficult to find in traditional places, the alternative investment space is one of the fastest growing segments across the globe. Included in the alternative space are REITs, Mortgage Investment Corporations (MICs) and individual mortgage investments. “The alternative space has become especially important for people over the last decade as they look for something that is not correlated to the stock and bond markets,” explains Bryan Jaskolka, VP of Canadian Mortgages Inc. (CMI). “Although this space can have the correlation to the real estate market, it does not move in the same patterns as other liquid financial investm

Sizzling commercial real estate set for record year with more properties on the block. The remainder of the year and start of 2018 hold the promise of several more large-asset sales. Commercial investment activity is poised to break another record in 2017, according to a new report out Tuesday. Canada’s six major markets saw commercial real estate investment sales of almost $19 billion in the first half of 2017 — up $4.3 billion, or 29 per cent higher compared to the whole of 2016 — which itself was a record year with $28.4 billion — Avison Young said in its mid-year global investment review. “With record amounts of capital still seeking a home, investors continue to find ways to buy into Canada’s finite invest-able commercial real estate sector,” said Bill Argeropoulos, principal and practice leader of research in Canada for the commercial real estate firm. “Capital from domestic and foreign investors continues to be largely directed towards Vancouver and Toronto.”

From Canadian Real Estate Wealth magazine (Sept 22, 2017): by Neil Sharma Montreal is Canada’s next investors’ paradise. A city of multiplexes — which continue to yield high returns for investors — Montreal’s burgeoning condo market is also attracting international attention. In particular, the southwest neighborhoods of Griffintown and neighboring St. Henri, the latter of which has rehabilitated it's rough and tumble image through gentrification, are the surest bets, according to Fred Serrecchia, Partner, Broker of Record and Head of Real Estate at Montreal-based NestReady. “Things are changing quite rapidly,” he said. “The condo market has seen absorption, and new developments like the ones in Griffintown and St. Henri have made them unrecognizable. A lot of inventory has gone up there and it’s all being absorbed incredibly well.” Griffintown’s proximity to downtown Montreal and the Lachine Canal, where waterside condos are sprouting with state-of-the-art am