Mortgages

Custom Mortgages

Many mortgage providers are constrained by a lack of flexibility. We are flexible, nimble and provide mortgages to quality borrowers where larger financial institutions do not offer competitive terms and structures. Typical loans are for bridge financing, land assembly, and infill construction, with interest rates of 8% to 10% per annum, a one to two-year term, and monthly interest-only payments. We lend in Ontario, Saskatchewan, Alberta, and British Columbia.

Types of Loans
  • Land and land assembly financing for: stacked townhomes and traditional townhomes, single detached homes, low-rise and midrise condominiums
  • Bridge and term financing
  • Infill construction and financing
  • First and second mortgages
Terms
  • Loan amounts generally $500,000 to $20,000,000
  • Generally interest only
  • Limited recourse
  • Usually one to two-year terms, other terms are available
Typical Properties

Our credit approval and funding process is quick and efficient, with a fast turn-around time and superior quality service. We are proud of our creative deal structures that are customized to the borrower's specific needs. We have a large range of property and loan types we would consider.

  • Land for redevelopment
  • Bridge and term financing
  • Residential apartment buildings
  • Industrial properties
  • Retail properties
  • Office buildings
  • Condo inventory loans
  • Mixed use properties
  • Parking lots
  • Storage facilities
 

Each loan is subject to thorough underwriting and requires approval from Atrium’s Board of Directors. Due diligence includes detailed financial analysis, exit strategy, site inspection, local market review, sensitivity analysis, and third party reports including appraisals, environmental and building condition reports.

 

 
 
Recent Transactions
Oakville, ON
Residential Loan
First Mortgage
Low-rise townhouse development site.
$12.7M
Toronto, ON
Residential Loan
First Mortgage
Pre-development of a mid-rise residential project.
$4.25M
Toronto, ON
Mixed-use Development
First Mortgage
Pre-development of a mid-rise residential project.
$12.1M
Richmond Hill, ON
Residential Loan
First Mortgage
Low-rise residential development.
$2.1M
Vancouver, BC
Construction Financing
Second Mortgage
Multi-Family rental project.
$5.75M
South Surrey, BC
Land Acquisition
Second Mortgage
Site servicing and townhome construction.
$6.6M
Scarborough, ON
Residential Loan
Second Mortgage
Multi-phase, mid-rise residential development.
$2.7M
Vancouver, BC
Construction Financing
Second Mortgage
Phase I of a multi-phase townhouse development.
$6,000,000