Gentai Capital is a Mortgage Investment Corporation (MIC) that provides private residential mortgage solutions. Known for offering competitive rates and expedited processing times, Gentai Capital operates in larger cities within Canada, focusing on single-family dwellings (SFDs) and condominiums.
Gentai Capital’s Lending Features:
Loan-To-Value (LTV) Ratios: Gentai Capital offers LTV ratios up to 75% in larger urban centers, accommodating a substantial portion of the property value to be financed through their loans.
Credit Score Requirements: A minimum credit score of 600 is necessary for loan approval, ensuring a basic level of creditworthiness while still providing room for those with less than perfect credit histories.
Loan Term Availability: Available terms range from 6 to 12 months, with a structure that is 3 months closed and then open, requiring a 30-day notice for payout which offers flexibility in the long term.
Repayment Options: Gentai Capital provides interest-only payment options, which can be beneficial for cash flow management, especially for investors or homeowners needing temporary financial relief.
Loan Amounts: With the capability to fund loans up to $5,000,000, they serve a wide spectrum of borrowing needs, from smaller personal loans to substantial investment projects.
Processing Efficiency: They promise same-day processing, demonstrating a commitment to swift and efficient handling of loan applications.
Documentation Process: To apply for a loan, borrowers will need to submit a complete application, credit bureau report, and deal notes. Upon approval, additional documents such as an appraisal and confirmation of income taxes paid will be requested.
As a mortgage broker, I, Elvira, am well-versed in collaborating with lenders like Gentai Capital to help clients achieve their financing goals. Whether you’re purchasing a new home, considering a real estate investment, or need a strategic equity take-out, my expertise shall guide you through Gentai Capital’s offerings and streamline your application process. Working together with Gentai Capital, we will explore loan structures that align with your financial situation and work towards a successful lending outcome. If you’re in need of a private mortgage, contact me, Elvira, and let’s secure the funding that’s right for you.
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*If you find a lower rate on a similar** fixed rate mortgage, we’ll beat it or pay you $500 cash when you complete your mortgage with us. The rates are subject to change without notice. Not all applicants are eligible for the rates shown. Rate you receive may be different, depending upon your personal financial situation. Posted rates may be high ratio and/or quick close which can differ from conventional rates. Certain conditions and restrictions may apply. Rates may vary from Province to Province. Rates subject to change without notice. OAC. E&OE **A similar mortgage must be for the same property, term, and loan amount with the same or lower closing costs.
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