Loan Rate/Term (Based upon credit score of 675+, $150-$200k+ in combined cash reserves between all IRAs, RRSPs, bank and investment accounts), 80k+ annual income:
 
Funds from refinance/Line of Credit are made available ONLY for the purchase of new properties to supplement current holdings/portfolio

 Items required for Underwriting to obtain a Line of Credit on A/B Grade Investment Properties:

  • Loan Application (filled out with spouse information included if married)

  • 2 years of Tax Returns/T4s

  • Supply a credit report (for both spouses if married)

  • A current account statement for each IRA, RRSP, Savings/Checking account, Line of Credit, and Investment account listedon your application with corresponding Profit and Loss/Rent Rolls

  • LLLP, LLP, or Corporation documentation if purchased under one of these entities

  • Current rent roll/NOI for property (ies) being submitted for LOC

  • Lenders Appraisal- ordered by lender and paid by borrower

 

Rate- 7.25%
Term- 30yrs
LOC Limit- 65% of appraised value
Origination fee- 3%
Closing costs- $2000

Atlas Capital Financial Services

Investment Financing for New Purchases and Refinancing

Refinancing/"Cash out" on U.S. Assets owned outright

Atlas Capital and Asset Management

 

New Investment Property Purchases Finance Program

Loan Rate/Term (Based upon credit score of 675+, $150-$200k+ in combined cash reserves between all IRAs, RRSPs, bank and investment accounts), 80k+ annual income:

 Items required for Underwriting to obtain an A/B Grade turnkey rental property with financing:

  • Loan Application (filled out with spouse information included if married)

  • 2 years of Tax Returns/T4s

  • Supply a credit report (for both spouses if married)

  • A current account statement for each IRA, RRSP, Savings/Checking account, Line of Credit, and Investment account listed on your application

  • LLLP, LLP, or Corporation documentation if purchased under one of these entities


Rate- 7.25% Fixed
Term- 30 years Fixed
Down Payment 35%
Amount financed 65%
Origination fee- 3% of loan amount
Closing costs- $2000
Average cash-on-cash return- 12%-14%