As a knowledgeable mortgage broker with expertise in private lending solutions, I'm here to provide you with a comprehensive summary of VWR Capital Corp., a prominent private Mortgage Investment Corporation (MIC) that specializes in residential lending across various Canadian provinces such as British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.
VWR Capital Corp. lends itself to being a substantial solution for individuals in need of alternative financing options, particularly for real estate purposes. They offer a variety of lending opportunities catering to a wide demographic of borrowers, including those dealing with equity challenges, foreclosures, bankruptcies, or consumer proposals.
What VWR Capital Corp. Offers:
Loan-To-Value (LTV) Ratios: VWR Capital Corp. provides competitive loan-to-value ratios, with up to 75% for private residential mortgages, and 70% for refinance scenarios. They also offer options for land, servicing loans at 50% LTV for raw land and 65% for serviced land or leasehold properties.
Flexible Borrowing Criteria: Credit scoring is not a barrier when dealing with VWR Capital Corp., as they require no minimum credit score, although an Equifax credit report is still necessary. Additionally, they do not enforce strict debt service ratio requirements, which facilitates a wider range of borrowing opportunities for diverse financial backgrounds.
Loan Amounts and Terms: VWR Capital Corp. caters to a spectrum of financial needs with loan amounts starting from $50,000 and reaching as high as $2,500,000. Borrowers can benefit from terms that include one-year open or closed, with potential options for a two-year term based on specific requirements.
Amortization and Payment Flexibility: They offer up to 35 years of amortization, making long-term financing more accessible. Moreover, they provide interest-only payment options for certain LTV circumstances, further accommodating borrowers’ cash flow management.
Property Types: VWR Capital Corp. covers a broad selection of property types, which means whether you're looking to finance an apartment unit, condo, detached home, multiplex such as a duplex, raw or serviced land, a secondary residence, a rental property, a semi-detached house, or a townhouse, they have tailored options available.
Processing Efficiency: Understanding the importance of time, VWR Capital Corp. strives for prompt processing, aiming to respond within 48 business hours of your application submission, with the actual funding timeline being contingent upon meeting conditions and solicitor availability.
Documentation Requirements: The application process involves submitting an application form, an Equifax report for all borrowers, a property appraisal, and a purchase and sale agreement if it is a transactional case.
As a seasoned mortgage broker, I, Elvira, am here to assist you in navigating through VWR Capital Corp.'s lending services to secure the private mortgage that suits your requirements. I thrive on providing tailored, diligent service, ensuring your experience is hassle-free and the financial solution is customized to your unique situation. If you're considering alternative financing options for your real estate aspirations, reach out to me, Elvira, and I will passionately work with you to realize your goals in collaboration with VWR Capital Corp.ss
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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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