HarbourEdge specializes in underwriting small to medium-sized residential and commercial construction projects in Ontario and Atlantic Canada. Our particular niche is residential and commercial construction and development mortgages ranging from $500,000 to $15,000,000 for the following types of projects:
• Apartment/multi unit acquisitions and renovation financing
• Residential home construction financing
• Commercial income property construction financing
• Condominium developments (excluding the City of Toronto)
• Industrial/Commercial owner occupied buildings
• Land servicing
The Mortgage Broker’s choice
HarbourEdge is a trusted name among Canadian Mortgage Brokers for a number of reasons: transparency, Broker protection, and turnaround time. As a privately owned MIC, we are nimble, quick, and able to execute a construction mortgage application in a matter of days, not weeks or months.
When we have a deal that we like, HarbourEdge issues a firm Offer of Financing. This shows potential borrowers exactly what they must do in order to secure the construction financing they need.
HarbourEdge operates with a high degree of transparency and efficiency. We do not charge exit or other hidden fees. We are accomplished problem-solvers, but conservative nonetheless. Our historical portfolio LTV has been on average less than 65% since inception.
The HarbourEdge loan process
Every lender has a different way of discharging construction mortgages. The HarbourEdge loan process is transparent and straightforward. Learn more about the process here.
HarbourEdge is a member in good standing of:
I have had the pleasure of working closely with HarbourEdge Mortgage Investment Corporation since the company was formed in 2005. All of my construction mortgage applications have been handled in a prompt, courteous and professional manner.
HarbourEdge’s underwriting policies are very straightforward and their response time is always within 24 hours of seeing the deal. They have an excellent support team that ensures that the deal gets funded and funded on time.
I would highly recommend that any broker, whether they may be new to the business or a veteran in the industry, to consider HarbourEdge for bridge financing deals that fall “outside the box”.
Chris Dopp, Broker
The Mortgage Centre
I have had the pleasure of working with HarbourEdge for over 5 years. They never cease to amaze me with their creativity in structuring a file, and the entrepreneurial mindset of the entire company.
Their construction program has been incredibly beneficial to my clients. The ease, efficiency and speed at which draws are processed is phenomenal; it keeps the trades happy and prevents any juggling and quite frankly reduces the stress typically associated with construction projects.
One of the most important reasons why I continue deal with them is how reachable their “whole” team is. Communication is so important in commercial finance and HarbourEdge delivers every time.
iQ Commercial Mortgage Strategy Inc.