OUR SERVICES
Private Mortgages
We act for private mortgage lenders in Ontario closing hundreds of private mortgages per year.
We work with, and have helped build, lending groups/funds with portfolios that range from as low as $10 million to well over $50 million in private mortgages each year. We have a team of staff dedicated only to overseeing private mortgage transactions and can assist with all facets of your private mortgage lending business.
Residential Private Mortgages
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Drafting all documentation required to create a valid mortgage registered on title
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Advising lenders on the drafting and negotiation of commitment agreements
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Negotiating creative strategies to complete transactions
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Dealing with problematic issues including; prior collateral charges, CRA liens, work orders, residential leases, off-title owners, guarantors, purchase-mortgages with prior encumbrances etc
Construction Mortgages
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Ensuring sufficient documentation is prepared to enable the lender to take-over the project on enforcement if necessary
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Ensuring compliance with the Construction Lien Act
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Dealing with lien claimants before and after closing
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Advising on holdbacks under the Act, priority issues, and other pitfalls
Commercial & Development Mortgages
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Advising on prior leasehold interests
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Determining future development use when required
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Determining issues such as access, zoning, ensuring environmental compliance etc.
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Drafting and completing general security agreements, PPSA, Assignment’s or Rents
Compliance & Regulatory Issues
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Advising on the Mortgage Brokers Act
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Reviewing compliance issues with FSCO
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Structuring MIC’s to ensure compliance with Securities Act
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Ensuring your mortgage for compliance with the Interest Act
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Advising on compliance with the Mortgages Act
Contact
Grechi Carter Professional Corporation
1 Eglinton Ave East, Suite 803
Toronto, Ontario M4P 3A1
Phone: 416-900-3865
Fax: 647-494-9758
Email: info@gclaw.ca