We arrange first and second interim and permanent take-out mortgages for acquisition, bridge, construction, conversion, expansion, and mezzanine and refurbishment loans, for income-producing investment properties and select owner-occupied commercial buildings and development projects.

CMHC Insured Mortgages

As an Approved Correspondent, we enjoy an excellent working relationship with CMHC's underwriters. Margolis Capital works very closely with CMHC and a host of national and regional balance sheet and securitized lenders to arrange and fund insured mortgages on a variety of multiple family housing types, including apartments, condominiums, townhouses, senior's long term care and assisted living facilities. We have an excellent working knowledge of CMHC's products and policies on new and existing multi-unit projects including affordable housing. We can compare CMHC insured and conventional lending options for our clients, and prepare a costs/benefits analysis of the respective advantages, in order to determine the most appropriate financing solution for the borrower's needs. For large portfolio clients, we can assist with completion of CMHC's financial review to ensure ongoing compliance.

Conventional Financing - Interim Construction and Long Term Mortgages

Whether it is an office building, retail centre, industrial/warehouse property, multi-unit residential development, seniors residence or a hotel, we can arrange financing for land or property acquisition, construction or re-finance. Interim construction loans are funded on a cost-to-complete basis in the area of 60% - 85% of total cost and take-outs are usually done at 55% - 75% of the completed value. Key variables negotiated for each transaction can include fixed or floating rates, interest only or amortizing payment schedules, demand or committed facilities, duration of term, financial covenants, form of recourse and many more factors.

Second Mortgages and Mezzanine or Subordinated Debt Financing

We have access to secondary funding on construction projects to bridge the gap between conventional financing and standard equity requirements, which can increase "loan to cost" financing to as much as 90% or beyond. For income producing (cashflowing) properties, investors can provide interest-only secondary financing co-terminus with the first mortgage. These types of financing are significantly more expensive than conventional loans and are available on specific property types.

Retail and Commercial Mortgages

Margolis Capital can arrange financing for big box outlets, shopping centres and strip plazas. Loan sizes will vary depending on the particular property and its existing lease profile as well as on local economics.

Office Building Financing

Ranging from high-rise Class "A" space in the financial core of a major urban centre to low-rise Class "B" and "C" space in suburban or secondary markets, we can arrange financing for virtually any kind of office development, both new and existing.

Industrial Property Mortgages

We can provide financing for multi-tenanted industrial sites, single user industrial/office space, owner occupied and for build-to-suit construction purposes. Loan amounts are a function of the property type, age and condition, location, use, lease maturity profile, tenant covenants and sponsorship.

Hotel Financing

Specialty financing for a broad range of hotel properties is available in major markets, resort areas and other selected locations. Conventional loan amounts are generally up to 50%-65% of value, depending on flag, services, location, management and sponsorship.

Land Development Loans