Private Mortgage Lending

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Lending Guidelines

At PHL, we know that prompt responses are crucial for brokers and agents. That’s why our policy is same-day feedback and a commitment within 24 hours.

RESIDENTIAL

1ST & 2ND MORTGAGES

MAX LTV

 75%

LENDING AREAS

 Major Urban Centres of BC and ON

MIN/MAX MORTGAGE

 $50,000 – $3,000,000

ELIGIBLE PROPERTIES

 Single Family Dwelling, Condominium Units, Townhomes, Acreages

TERMS

 1 Year (No Prepayment Penalty)

PLACEMENT FEE

 1 – 2%

RATES

 Please Contact Us at 604.579.0847

Construction

1ST & 2ND MORTGAGES

MAX LTV

65%

LENDING AREAS

 Major Urban Centres of BC and ON

MIN/MAX MORTGAGE

$50,000 – $3,000,000

ELIGIBLE PROPERTIES

Owner or Spec Build

Draws

Construction draws to be advanced in draws upon completion, via lender inspection, of work-in-place and cost to complete.

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

 Please Contact Us at 604.579.0847

Commercial

1ST & 2ND MORTGAGES

MAX LTV

75%

LENDING AREAS

 Major Urban Centres of BC and ON

MIN/MAX MORTGAGE

$50,000 – $30,000,000

ELIGIBLE PROPERTIES

Industrial, Retail, Office, Mixed Use

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

 Please Contact Us at 604.579.0847

Land

1ST & 2ND MORTGAGES

MAX LTV

75%

LENDING AREAS

 Major Urban Centres of BC and ON

MIN/MAX MORTGAGE

$50,000 – $30,000,000

ELIGIBLE PROPERTIES

Acreages, Building Lots, Land Development

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

 Please Contact Us at 604.579.0847

Approved
Appraisers

Residential Appraisers

Lower Mainland

  • Hooker Craig Lum Group (HCLG)
  • Saran Appraisals & Consulting
  • Lawrenson Walker Real Estate Appraisers
  • Schenoni & Associates Inc.
  • Macintosh Appraisals Ltd
  • WesTech Appraisal Services Ltd.

 

KELOWNA, PENTICTON, & VERNON

  • Flynn Mirtle Moran
  • Lawrenson Walker
  • Frilan Appraisals
  • Okanagan Appraisals

 

Kamloops

  • Flynn Mirtle Moran
  • Frilan Appraisals

 

Whistler

  • WesTech Appraisal Services

 

Victoria

  • D. Fritz Appraisals
  • Lawrenson Walker

 

Commercial Appraisers

Lower Mainland

  • Burgess, Cawley, Sullivan & Associates
  • Hooker Craig Lum Group (HCLG)
  • CWPC Property Consultants Ltd.
  • LW Property Advisors
  • Garnett Wilson Realty Advisors Ltd.
  • Saran Appraisals & Consulting Ltd.

 

KELOWNA, PENTICTON, & VERNON

  • Kent-Macpherson
  • Frilan Appraisals
  • NCA Commercial

 

Kamloops

  • Frilan Appraisals

 

Victoria

  • Phung & Horwood

 

Approved Environmental Consultants

  • NEXT Environmental Inc.
  • Keystone Environmental Ltd.
  • WSP

Mortgage Application

Please contact Aaron Duhra, Sales Manager for any mortgage related enquiries. 604-579-0847 or email [email protected].

Mortgage Application

How to submit a deal

Residential

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)

Commercial

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)
  • Stage 1 Environmental Report

Construction/Development:

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)
  • Final building plans
  • Confirmation of building permit, builder’s resume, home warranty insurance coverage

Deal Submission

Our policy at PHL is to provide prompt response to all applications. Please forward your application to:

Best Practices

The BC MIC Managers Association established educational resources, namely the “BCMMA – A guide for Borrowers” and “BCMMA – A guide for Brokers.” These resources are associated sources of information for the general public and serve as tools for the broker community and the general public to be more informed about MICs. The Best Practices will provide education and awareness and ultimately provide protection for the borrowing public.

PHL is a strong supporter of the BCMMA and these best practice guidelines.

h

BCMMA – A Guide for Borrowers

Download this free PDF if you are looking to purchase land.

Download PDF
h

BCMMA – A Guide for Brokers

Download this free PDF if you need guidance with underwriting mortgages.

Download PDF

Contact Us

PLEASE CONTACT US FOR ALL YOUR LENDING INQUIRIES

PHONE604-579-0847