Assadi Private Capital offers the following private mortgages as first, second or third mortgages:
| Interest-only mortgage with a 1-year term | Designed to bridge a gap until the borrower sells or refinances their property |
| Instalment mortgage with a 3-year term | For borrowers who wish to repay the mortgage in full through scheduled instalments over three years |
Our lending criteria and terms
| Loan Criteria & Terms | Details |
| Loan amount | $40,000–$250,000, with a preferred size of approx. $150,000 |
| Lending area | Canada-wide, except Quebec |
| Mortgage position | First, second and third mortgages |
| Maximum loan-to-value (LTV) | First and second mortgages: 75% in medium/large cities, 65% in remote areas. Third mortgages: 65% |
| 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 |
| Term/Maturity | Interest-only mortgages: 1 year Instalment mortgages: 3 years |
| Commitment letter | Usually issued within 24 hours of receiving a complete submission. |
| Appraisal | Ordered by the lender. Appraisals reflect “current, as-is” value. |
| 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. |
| Early payment/prepayment penalties | None. Our loans are open and can be repaid ahead of schedule without penalty. |
| Broker payment | Mortgage brokers are paid directly by the lender on the day of funding. |