Assadi Private Capital provides financing for complex mortgage transactions that fall outside conventional lending practices. We consider first, second and third mortgages ranging from $40,000 to $250,000 across Canada, except Quebec.
Some transactions involve multiple properties, corporate borrowers, individual co-borrowers or parties located in different provinces. While these arrangements can complicate underwriting and legal documentation, they do not automatically disqualify a loan.
Why Do Lenders Avoid Complex Mortgage Transactions?
Many mortgage lenders rely on standardized underwriting procedures to process large volumes of applications efficiently. Transactions involving unusual ownership structures or extensive legal coordination may require more time and resources than their lending models can accommodate.
Common complications include:
- Multiple properties: A loan may be secured against several properties with different owners, existing mortgages or legal requirements.
- Corporate and individual borrowers: Transactions may involve corporations, shareholders, directors and individuals participating in different capacities.
- Cross-provincial arrangements: Co-borrowers, guarantors or collateral properties may be located in different Canadian provinces, creating additional legal and administrative requirements.
- Complex security structures: Multiple mortgages, guarantees, corporate authorizations and other agreements may be needed to properly document and secure a loan.
Even when a transaction is financially viable, the additional legal expenses, administrative work and closing time may discourage lenders that prioritize standardized files.
Our Approach to Complex Mortgage Lending
Assadi Private Capital is an independent lender financing transactions with its own capital. We can devote the time necessary to evaluate unconventional lending arrangements and work with legal professionals to structure appropriate security.
Our assessment considers the value and marketability of the collateral, the obligations of each participating party, the enforceability of the proposed security and the borrower’s repayment strategy.
We recognize that a complicated transaction is not necessarily a poor transaction. However, the structure must be legally workable, economically viable and supported by sufficient recoverable equity.