Assadi Private Capital finances mortgage deals overlooked by traditional lenders. We lend across Canada, except Quebec, from rural communities to major population centres.
Mortgage brokers and licensed industry professionals can review our lending criteria and terms below.
| Loan Criteria & Terms | Details |
| Loan amount | $40,000–$250,000 |
| Lending area | Nationwide, except Quebec |
| Mortgage position | First and second mortgages |
| Maximum loan-to-value (LTV) | 75% in medium/large cities, 65% in remote areas. |
| Eligible properties | All property types are considered |
| Interest rate | 10% per year |
| Lender fee | 2% of loan amount, added to loan balance. |
| Broker fee | Set by the broker |
| Loan term | 1 year |
| Payments | Interest-only; some loans also require small principal payments. |
| Renewal | If unpaid at maturity, the loan automatically extends for one additional two-year term. A fee of 2% of the loan amount is charged each anniversary of the maturity date. |
| Appraisal | Ordered by the lender. |
| Commitment letter | Usually issued within 24 hours of receiving a complete submission. |
| Deposit | A non-refundable deposit, typically $1,500–$2,500, is payable when the borrower accepts the commitment letter. At closing, the deposit is credited toward appraisal, legal and other closing costs. |
Submit a deal
Please visit assadicapital.com/contact to submit a deal.