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Penmor Mortgage Capital Corporation specializes in commercial mortgage lending across Canada, offering a full array of debt financing options on most real-estate asset classes.
Penmor's wide array of commercial mortgage products, coupled with our seasoned commercial lending professionals, brings borrowers tremendous value and certainty to their real-estate financing needs. |
| PRODUCT TYPES |
| As a leading lender in the commercial real estate market, Penmor offers a wide range of product types - including: |
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Conventional Term Financing for:
· Multi Family
· Retail
· Office
· Industrial
· Hospitality
*Urban centre locations preferred; *Loan terms of 5 years to 20 years; *Progress advances available in conjunction with term financing.
Non-Institutional Financing for:
· Second mortgages or non-institutional first mortgages
· Flexible loan structures
· Equity withdrawals | CMHC Insured Financing with:
· Fixed or floating interest rates
· Progress advances
· Unique loan structure
(early repayment, partial discharge etc... )
* Loan terms of 1 year to 20 years | |
| GOVERNEMENT OF CANADA BENCHMARK BONDS |
| Bid Yield | Maturity | Coupon | | 3 years | 1.963 | 2013-09-01 | 2.50 | | 5 years | 2.610 | 2015-12-01 | 3.00 | | 10 years | 3.338 | 2020-06-01 | 3.50 | | 20 years | 3.743 | 2029-06-01 | 5.75 |
Values as of February 3, 2011 08:58:00 PST. |
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The following interest rates are current as of February 2011 and are based on general conditions in the commercial mortgage market for good quality commercial property. These rates are indicative only and should not be taken as an offer of mortgage financing.
| Spreads over GOC's | Interest Rates | | Five-Year Term | | CMHC Multi-Family | 0.80% - 1.10% | 3.45% - 3.75% | | Conventional Multi-Family | 1.50% - 2.00% | 4.15% - 4.65% | | Retail, Office, Industrial | 1.70% - 2.50% | 4.35% - 5.15% | | Ten-Year Term | | CMHC Multi-Family | 0.85% - 1.20% | 4.25% - 4.60% | | Conventional Multi-Family | 1.60% - 2.10% | 5.00% - 5.50% | | Retail, Offfice, Industrial | 1.80% - 2.60% | 5.20% - 6.00% |
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