Financing for Every Type of Property
Whether you intend to build a new project or renovate an existing one; obtain new financing or refinance current debt; IC Funding Financial Corporation has the capital relationships and specific transaction experience to make your project vision a reality. We have more than a 1/4 century experience financing properties across Ontario, with a proven track record of delivering mortgage commitments tailored to satisfy your specific needs.
For Apartment or Townhouse Projects; Rental or Condominium; Purchase, Mortgage Renewal, Refinance or New Construction, IC Funding Financial Corporation has specific project experience.
Our unique two tiered construction and takeout mortgage commitment structure provides a floating rate "convertible mortgage" during construction, backed by a long term (5 - 20 year) permanent mortgage; a commitment with the "lowest rate" for your short term financing, combined with the "best rate" for your long term mortgage; ultimately, all the flexibility in rates, terms and conditions you need.
Health Care
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Long-Term Care/Retirement Homes
Acquisition of capital for Long Term Care Projects or Retirement Communities requires industry specific expertise and an in-depth understanding of both the real estate and business aspects of each transaction. Our complete understanding of the operations component of health care transactions provides a unique ability to understand and reflect client goals in our lender presentations, resulting in mortgage financing commitments structured for optimum loan amounts, interest rates, terms and conditions.
For Long Term Care and Retirement properties, we provide:
- Mortgage Renewal
- Construction and Long Term Permanent Financing
- Equity Financing - New Facilities, Expansion, or Rebuild
- Conventional and CMHC Insured Financing Structures
We are experts at helping you refinance existing projects or arranging construction and long term take-out financing for new developments. Matching the term of the lease with the term of the mortgage becomes crucially important in minimizing future cash flow exposure. Flexible terms from 5-20 years are available through many of our lenders that won't be available at traditional banking sources.
IC Funding Financial Corporation continues to develop innovative capital solutions for a variety of financing requests. Procurement of equity and mezzanine capital, due diligence for acquisition, and marketing for the sale of your asset, is a natural extension of our value added service and often forms an integral part of our involvement in the capital procurement process.