Generically speaking, Debt Advisory is where a profession, whether it be a lawyer, finance broker, accountant, financial advisor, property consultant etc. supports a borrower through some elements of, or through a total lending transaction. The types of transactions this can include are; • Raising finance to acquire property(ies) • Raising finance to support business growth • Accessing equity investment for growth or acquisition strategies • Refinancing existing debt facilities or accessing new debt products • Realising value through debt restructuring • General advice and capital raising in financial stress situations Debt Advisory is about supporting the client through every element of their borrowing request from start to finish. At SLC, we offer a Debt Advisory service where we deal with everything from start to finish. If you would like total support through your transaction – talk to us today. (https://www.syndicatelending.com/contact)

Most high-value property is too expensive for people to buy just using savings or cash. Buying in cash may also not be advantageous from a fiscal perspective or when it means you put all your money into a property but have no remaining liquidity. Mortgages are loans that lenders offer to allow individuals to borrow funds to buy a property if you can’t or don’t want to buy it outright. You repay the lender over several years. For most mortgages, you will need to put down a cash downpayment. You will owe the remaining amount to your lender, and you will repay the loan in monthly installments over a set period (known as the loan term). If you cannot repay the loan, your lender can repossess your home.

OPEN MORTGAGES If you want to make large payments on your mortgage or pay off the entire mortgage without penalty, then an open mortgage is for you. An open mortgage offers maximum flexibility. These homeowners are willing to accept some fluctuation in the interest rate for the flexibility of paying off part or the entire mortgage before the term is complete. CLOSED MORTGAGES A closed mortgage is a commitment with a pre-determined interest rate, over a pre-determined period of time. A buyer who uses a closed mortgage will likely have to pay the lender a penalty if the loan is fully paid before the end of the closed term. With a closed mortgage, the borrower may select a fixed rate or variable/adjustable rate depending upon their needs or preference. See “Rates” for more information on the types of rates. Closed mortgages generally have lower interest rates than open mortgages. Most lenders will allow borrowers with closed mortgages to make a lump sum payment of up to 10%, 15%, or 20% of the original mortgage amount once a year without penalty. This payment goes directly toward paying down the principal of the amount owing. Many lenders will also allow a borrower to increase the mortgage payment by up to 10%, 15%, or 20% as well as allowing the lump sum payment. CONVERTIBLE MORTGAGES A convertible mortgage is an agreement made at the beginning of a term that allows homeowners to change the type of mortgage they hold during its term. If a homeowner wants to start with an open mortgage and then lock into a closed mortgage, a convertible mortgage is the right choice. It offers lower rates than an open mortgage and has the option of switching to a closed term. A conversion to a fixed rate mortgage can also be done by most lenders when the borrower has originally selected a variable rate mortgage and now wishes to move to a fixed rate before the end of the term. HYBRID MORTGAGES A hybrid mortgage is a term used when there is more than one type of mortgage contained in a single mortgage registration. The registration could include a fixed rate portion, a variable rate portion, a line of credit portion, or any combination of these. Each lender will have their own unique name for this type of mortgage allowing anywhere from 2 to 100 different products contained in the registration of the mortgage. This product is often suggested for the savvy borrower who will use this as part of their overall financial plan. REVERSE MORTGAGES This type of mortgage allows homeowners 55 years and older to convert their home equity into either a lump sum payment or monthly cash payment(s), generally for living expenses. A homeowner’s equity is drawn down by the lender to the homeowner - the borrower. When the homeowner no longer wishes to occupy the property as their principal residence, or upon the death of the borrower, the loan balance is due. The balance of the loan is settled from the proceeds of the sale of the property either by the owner themselves or their heirs.

We are a Boutique Mortgage Brokerage and we emulate a relationship model where in we only get compensated for the work we do. Our goal is also to ensure that we Deliver on your request for Financing. What stands us apart is the ability to secure Commercial Financing in a Hybrid manner and Securitize multiple assets that you may own to achieve the desired lending amount. We assure you that we are the best in what we do.

We lend on virtually any asset that can be securitized. Any real property that has a property identification number can be used as collateral to secure financing. On the surface level, we lend on residential properties and on Commerical properties that could span from retail units, light industrial units, to large warehouses. We consider ourselves experts in construction financing and have helped a multitude of developers realize their development goals. We are a correspondent with CMHC (Canada mortgage housing Corporation) and do assist prospective borrowers to secure financing for multi-family units for rental purposes.

For most of the market, lenders will offer a maximum of 4.5 times a borrower’s income. Recently, some lenders have raised this to 5 or 5.5 times a borrower’s income, although this tends to be in exceptional cases for individuals who are not high-net-worth individuals but who have higher salaries. Lenders base the 4.5 times your salary calculation on what they believe most borrowers can comfortably afford in terms of repayments and limiting risk for all parties. For high-net-worth individuals, there is more flexibility around what you can borrow, often with less emphasis on specific multiples of your income, provided the mortgage is clearly affordable. High-net-worth mortgages are available to anyone with an income of more than $300,000 or assets of more than $3 million (excluding the value of your principal residence). If you are eligible for a high-net-worth mortgage, you effectively opt-out of regulated oversight, which means lenders have much more flexibility in what they can offer you, affordability and so on. These mortgages are advantageous if you have significant wealth but comparatively little income, global assets, multiple income streams and so on. Overall, a high-net-worth mortgage makes it easier to borrow more based on your global wealth rather than your income in exclusivity.

In Canada, first time home buyers can purchase a residential property for 5 % as long as the property price doesn’t exceed $500,000 Canadian Dollars.

LTV stands for loan-to-value. The loan-to-value ratio refers to how much you borrow as a percentage of the property's value. Amongst other things, lenders use the LTV to assess risk – generally, the higher the LTV, the higher the risk for the lender. 75% or 80% LTV is usual for the majority of mortgages, although some lenders offer higher LTV mortgages for the right borrowers – usually high-net-worth individuals.

The shortest mortgages have terms of 2-3 years, but these tend to be rare and used in particular scenarios. At the other end of the scale, it is sometimes possible to have 40-year mortgages, but these tend to be offered to mainstream borrowers with good incomes looking to maximize what they can borrow, rather than the norm for high-net-worth individuals. For high-net-worth individuals, mortgages with terms of 5 to 25 years are typical, although mortgages in the 5-to-15-year range tend to be the most usual.

Syndicate Lending Corporation (SLC) is an independent mortgage broker. As such, we can approach any lender in the market to negotiate a deal for you; you can also trust that we will be working exclusively in your best interests. SLC also isn’t bound by any incentives to work with or offer you products from specific lenders, as can be the case with other mortgage brokers. Wherever possible, we will negotiate at least a couple of offers for you to compare. We will also talk you through all your available options and your offers, including the advantages and drawbacks of each, so you can make an informed decision about what’s best for you. We will also be able to explain to you why we approached specific lenders for your mortgage offers (often lenders have specializations in certain types of mortgages, or your profile/needs will align well with the expertise of a specific lender). Sometimes you will find that a slightly more expensive rate with more flexible or advantageous terms is more attractive to you, so we will never promise to deliver the ‘cheapest’ offer. Whatever we offer you, it will be the very best fit for your needs, and we at SLC will always share everything you need to know to make the best decision.

Syndicate Lending Corporation (SLC) only charges a brokerage fee when you are happy with an offer that has been sourced for you and you are ready to formally submit the mortgage application to the lender. By charging you a fee at this point, SLC can stay independent, and the onus is on your broker to present the most competitive mortgage possible for you to move the deal forward. Your broker will spend as much time as needed approaching lenders, seeking finance, and structuring the best mortgage for you and you are only charged a fee for this work when you are happy to proceed.