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.
Residential Mortgage Lending
Our residential mortgage team offers a full range of mortgages including 1-5year insured fixed rate, 5year adjustable rate mortgages, and several specialized mortgages to serve unique home financing needs. With financial stability, industry-leading rates and truly exceptional service, Peoples Trust has become one of Canada’s most trusted mortgage providers.
Peoples has been the lender for borrowers who don’t meet the traditional requirements of major financial institutions. Our flexible terms extend to those who have imperfect credit, or who are discharged bankrupts, or otherwise self-employed. At Peoples Trust we understand the issues you are facing and we have developed specialty programs to help.
We are the lender with flexible products and a common-sense approach to lending. Our competitive rates and excellent service have proven to be successful for our loyal customer base and many repeat clients.