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PRIVATE MORTGAGES

Calvert Home Mortgage provides real estate financing for properties in Alberta

Flip or rehab

Are you or your client the type of investor who has a keen eye for a good deal on a property that could use some TLC? If you’re looking to put some elbow grease (or somebody else's) into a property renovation, flip it for a profit, or add it to your rental portfolio, this ones for you.

Problem:

Condition of the property may deter some lender's

Good deals sell fast; you need to close quickly

Other lenders will only lend on the current value of the property

Many loans are too short of a term

Traditional financial institutions have payout penalties and other restrictive penalties

Solution:

We offer open short term mortgages at 80% LTV on the post renovated value of the property. This means we will consider and lend on what the property will be worth after all renovations are completed, not only what it is worth before the fix. We perform our own in-house evaluations of the property, and perform our own legal work, both at which are at no cost to our clients. We have no limit on the number of properties we lend on, and we close fast!