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:

Contact Us

PLEASE CONTACT US FOR ALL YOUR LENDING INQUIRIES

PHONE604-579-0847