Private Mortgage Capital Funding Ltd.

PMC Funding is an equity lender who provides private mortgage financing based primarily on the equity of a specific property with less emphasis on the personal covenant of the borrower.  We are focused on sourcing, underwriting, syndicating and administering private mortgage loans on primarily commercial and industrial properties in urban centres across Ontario.  We are interested in loans between $200,000 and $3,000,000 though we will consider larger opportunities on a case-by-case basis. 

In underwriting the loans, more emphasis is placed on the strength of the security rather than the weakness of the guarantor, though we are always concerned with the borrower’s ability to service the debt and their planned exit strategy for repaying our loan at maturity.  Many private commercial lenders are not interested in deals of less than $1,000,000, while we view these deals as good opportunities and very manageable loans.  Our biggest concerns (other than equity) are the borrower's exit strategy and our exit strategy.  That is, at the end of the term where are they going to get the money to repay our loan?  As well, if they don't pay and we need to enforce the loan, how are we going to recover our loan?  If there are reasonable answers to those questions we will offer terms on the deal.