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Bridge loan

by Capital Express

 
 
ENGLISH VERSION
 
 

The bridge loan

 

The Bridge Loan by Capital Express allows your clients to obtain a mortgage for the purchase of a new property by using part or all of the equity available on an existing property as a down payment

The bridge loan is designed for your clients who wish to purchase a new property while saving time to sell their existing property at the best price and without having to part with their cash or savings.

 
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1
 
 
For who? For what?
 

The bridge loan is a tool appreciated by all people wishing to buy a new property before selling their existing property:

  • Buy a property quickly in a very hot market (secure your purchase)
  • Save time to sell your current property at the best price or to refurbish it before selling it
  • Clients with available equityon their property but little liquidity
  • Clients with debt ratios (GDS and TDS) too high to qualify with a bank
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2
 
 
The benefits of the Bridge Loan
 

The bridge loan has many advantages to offer the borrowers, including:

  • Possibility of disbursing in only 5 working days. Allows you to secure your purchase immediately.
  • Bypassing the banks' debt ratios (GDS and TDS)
  • Clients keep their savings and liquidity
  • Keeping savings or cash on hand
  • Buy a new property with the equity available on their property
  •  Unlike banks, we do not impose any deadline for the sale of the existing property
  • We take a 2nd lien on the existing property to finance the purchase  
  •  1 single notarized transaction, unlike banks that notarize 2 (savings on legal fees of at least $2500)

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3
 
 
Terms & Conditions
 

At Capital Express helping our customers is our priority!

  • Purchase only
  • Max LTV is 70% 
  • Terms : 3 to 6 months 
  • Interest rate starting at 10,99% 
  • Transparency on renewal fees
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Required documents
 
  • Purchase offer and Seller's Disclosure
  • Filogix request or completed Capital Express request form
  • Credit bureau
  • Proof of income
  • Up-to-date notice of assessment
  • Existing mortgage statement (showing available equity) 

APPLY ONLINE

 
 

 



OUR PRODUCTS

 
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Don't have access to filogix ?

Dowload our loan request form !

 
LOAN REQUEST FORM
 
 
CAPITAL EXPRESS
 
Our promise
 
 
 
SERVICE
 
4 BUSINESS HOURS
To treat your request
 
 
 
 
APPROVAL
 
1 BUSINESS DAY

 
 
 
 
DISBURSEMENT
 
5 BUSINESS DAYS

 
 
 
CALL-US !
 
 
Capital Express
 
The reference in private mortgage in Quebec!
 
       
 
CONTACTEZ-NOUS
 

4950 Queen mary,

suite 100, Montreal,
QC. H3W 1X2
514-392-0224
Info@capital-express.ca