WHAT TYPE OF MORTGAGES DOES NEST CAPITAL INVEST IN?
Nest Capital specializes in residential second mortgages across Ontario. We do not invest in commercial nor development mortgages. All mortgages are sourced by our network of registered mortgage brokers and agents, supported by appraisals from accredited appraisers and complete with credit and applicant reports. Once vetted by our credit review department they are further reviewed by our legal counsel before mortgage funding and mortgage registrations are completed.
Below is an overview of Nest Capital’s lending parameters.
Focus: residential properties
Maximum LTV: 80-85%, current portfolio average is 76 % LTV
Products: Residential second mortgages, some first mortgages
Minimum Beacon: Above 500
Customer Type: All are welcome. Self-employed, salaried, bruised credit, new to Canada, seniors – essentially anything outside the typical bank parameters
Terms: 1 year, interest-only
Rate Type: Fixed
No Payments Options Available: End of term payment options (prepaid)
Preferred Loan Amount: $20,000 – $250,000
Why Choose MICs?
By using Nest Capital, you will benefit from higher returns than other investment options such as bonds or GICs. This investment type allows investors to benefit from the real estate market without actually owning real estate property.
Investor funds are backed by the entire pool of mortgage funds and not limited to any one single mortgage.
Get Started With Nest Capital
Ready to jump in? Give our team a call today or fill out our contact form. Our team will get in touch with you as soon as possible.