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Commercial Mortgages
Just a few examples of deals we have funded:
$15,000,000
700 acre land acquisition and servicing
Nanimo, BC
$5,000,000
Construction financing for 65 unit condo complex
Calgary, AB
$5,000,000
Construction financing for 20 unit condo complex
Canmore, AB
$4,700,000
500 acre land financing
Langdon, AB
$1,200,000
Re-financing of residential property
Edmonton, AB
$800,000
Land acquisition
Okotoks, AB
$2,000,000
26 lot subdivision
Fort McMurray, AB
Our primary business...
is lending money to individuals or companies that need real estate backed, short term loans. We differ from conventional lenders for a number of reasons:
Short Term
Most conventional lenders are looking for deals with time frames of 3 years and up. We fund deals for 3-12 Months.
Timing
We act quickly. We are able to approve deals within 24 hours and in some cases can fund within 72 hours.
Documentation
We are primarily interested in the value of the real estate that is being mortgaged. Typically, the only documents that we require are our mortgage application and a current appraisal by an AACI accredited appraiser. We will lend up to 75% of the appraised value or purchase price on a property.
Middle Man
At Invesco, we are a direct lender so you don't have to waste time and money on brokers and brokers' fees. You are dealing directly with the lender.
Qualifying
As we are primarily interested in the real estate value, our lending decisions are not based on credit history, profitability or financial statements. As long as a minimum of 25% equity is in place, we can structure a mortgage for your project.
Loan Details
We will lend on all types of real estate including residential, commercial, raw land, acquisitions, re-financing, land development and construction financing. Although we are based in Calgary, we will look at projects throughout Canada. Examples of completed deals can be found in the column at the left of this page.
If you are looking for short term mortgage financing on your project, please contact us to discuss your requirements with one of our commercial lending specialists and see what Invesco can do for you.