Mortgage Lending Overview
At Peoples Trust, we work with you — our customers — to make your dreams a reality. Our service is what sets us apart as we take the frustration out of financing. We strive to provide fast and efficient service and we take seriously our responsibility for delivering the best financing structure possible on each and every deal.
Our expertise in mortgage lending, cultivated since we opened in 1985 has led us to service over $6 billion in Canada Mortgage and Housing Corporation insured loans for Mortgage Backed Securities and institutional investors.
Our “build from strength” philosophy is our promise — to be the foundation you need to secure the best available mortgage.
Commercial Mortgage Lending
Peoples Trust has a long history of providing conventional mortgage financing for a variety of asset classes across Canada. We finance the construction of multi-family projects, real estate subdivisions, and other commercial real estate projects. We can also provide term financing for apartment buildings, shopping centres and industrial properties, with terms structured to meet the needs of our clients.
Peoples also works with established developers by making financing available for property acquisition, inventory loans on completed condominium, town home, or single-family home projects, and building renovation/repositioning projects.
We have strong relationships with other institutions, including a healthy rapport with Canada Mortgage and Housing Corporation.
With a streamlined credit approval process, our clients can expect flexible and responsive solutions for their mortgage financing requirements. Our mortgage specialists have the experience and the market knowledge to ensure our clients receive the best solution available for their needs.
We’ve extended our lending success to development and construction loans. These loans are useful for projects in retail, multi-family, industrial, land development and renovation. By combining the construction and long-term financing into one loan package, we enhance the overall debt package on a development. We provide flexibility throughout a long term, resulting in saved time and money, and happy, successful clients.
We’ve also been active in the CMHC financing of care facilities for many years, and have an acute and fluid knowledge of the Senior’s Housing Market. We’ve developed certain methods of financing, so we can provide owners such as you with lower cost borrowing.
CMHC Mortgage Lending
Peoples Trust has become one of the leading participants in CMHC’s CMB program by providing extremely competitive term financing rates for CMHC insured product.
Over the past 30 years, Peoples has developed an excellent relationship with Canada Mortgage and Housing Corporation and is adept at using mortgage insurance as a mechanism to reduce borrowing costs for our clients.
We work on behalf of our clients to secure financing approvals on rental apartment buildings, care facilities and retirement homes, and we work continuously on making the approval process as expedient as possible.
CMHC lending is a core business line for Peoples Trust with all internal processes driven to support this avenue. Our process and our significant in-house expertise have made us a leader in providing CMHC financing.
Residential Mortgage Lending
For borrowers in the Greater Victoria or Greater Vancouver area that don’t meet the specific lending criteria required by major financial institutions, we are the honest and reliable alternative for you. Our flexible terms extend to those who have imperfect credit, or who are discharged bankrupts, spec builders or otherwise self-employed. At Peoples Trust we understand the issues you’re facing, and we’ve developed specialty programs to help.
We offer mortgage financing — for purchases and refinances, as well as equity deals and bridge financing.We also offer mortgage financing for rental properties, one to four unit dwellings, single family residential dwellings, luxury homes and condominiums. Whether you’re a builder or a homeowner, we have what you need.
Our competitive rates and excellent service – the common-sense approach – have proven successful with a loyal customer base and many repeat clients.