A major leader in non-traditional mortgage lending, MOREX has the ability to finance any loan size in a quickly manner based on property equity.
Lending up to 85% Loan to Value, we deliver private funds on a case by case basis with private funds starting from 3.59% from $25,000 up to $5,000,000
MOREX consider's all property types and will register in any position with flexible terms of 9 days up to 2 years. Our equity lending program is based entirely off property equity. No Income & Poor Credit acceptable.
Loan Amount: $25,000 to $5,000,000 (subject to risk)
Credit Score / Credit Quality: All Types
Locations: ONTARIO WIDE
Appraisal: TBD by our own accredited appraisors
Security Position: 1st, 2nd & 3rd position mortgages (on selective basis) up to 85% LTV on subject property.
Term: 7 Days to 24 months (subject to risk) Typically 1 Year
Set Up Fee: Capped
Guarantee: Personal or Holding Companies (Unsecured subject to promissory note & pledge agreement)
Property Type: (all types considered) Freehold Residential, Condominiums, Commercial, Mixed Use, Land.
Type: Purchase or Refinance: For the purpose of:
Debt Consolidations, Payouts, Acquisitions, Short-Term Cash Flow, Mezzanine, Franchise, Equipment, Investments. Can permit accordion extension.
Timeline: Term sheets in 24 hours upon presentation of good information
LTV: Max: 85%
Amortization: Often interest only or self Amortized
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Dominion Lending Centres - Bedrock Financial Group