Lanyard's Jumbo Residential Loan Program

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As news broke earlier this month of CMHC's exit from the Insured Stated Income and Second Home Programs, it left many brokers scratching their heads with what to do with these clients.

Lucky for them, Lanyard's Jumbo Residential

Loan Program hasn't been affected by the announcement and we are actively seeking loan applications that would fall under those umbrellas. All of our deals are non-income qualified and we are happy to lend on Second Homes/Rentals. While our core business is still focused on $1,000,000+ deals, we are considering applications of $500,000+ while we evaluate the impact of CMHC's change.

For the rest of May, all of our new Jumbo Residential Deals will be subject to a 2% - 3% Fee Split 50/50 between the Lender and Broker.

This is a limited time offer.

All Commercial Deals and Residential Deals which fall outside of our Jumbo Residential guidelines will still receive competitive rates and fees.

Our Jumbo Residential Loan Program is focused on first mortgages which fall under the following:

• 1st Mortgages only, up to 60% LTV
• $1,000,000 to $5,000,000
  (Deals of $500,000+ will be considered on a case by case basis)
• Urban centres in B.C., Alberta, Manitoba, Saskatchewan and Ontario
• Non-Income Qualified Deals
• Non-Residents/Foreign Investment Welcome
• Flexible Repayment Options
• Interest Reserves Available when servicing loan is difficult
• Non-Recourse Loans Available

Our commercial lending practice focuses on first mortgages which fall under the following:

• 1st Mortgage Financing - Asset Based Underwriting
• $1,000,000 to $15,000,000
• B.C., Alberta, Saskatchewan, Manitoba, and Ontario
• Interest Reserves Available for Non-Income Producing Assets
• Will Pay Out Bank Loans (ex: when the bank calls the mortgage because sales ratios have declined, or other breach of covenant)
• Great Bridge Financing While Assets Stabilize or are Rezoned
• Max LTV: Apartment 80%; Industrial 70%; Condo Inventory 65%; Prime Land 50%