FAQ's
What kind of properties do you finance?
We finance raw land, construction, residential single & multi-family dwellings, industrial and commercial properties. This may include owner occupied or rental properties, farm land and acreages, recreational properties, and condominium projects. We don't restrict ourselves to a certain asset class. If the mortgage makes sense from our perspective, we will consider it!
Where geographically will Liberty lend?
The vast majority of our loan portfolio is in Western Canada. However, on a case-by-case basis, we will venture to other provinces in Canada.
What kind of loans will Liberty finance?
We help individual and corporate borrowers in a wide variety of situations. Our creative underwriting team can structure a loan for the following:
- Land development and servicing for developers
- Residential and commercial construction loans for builders and individuals
- Raw land purchase
- Mezzanine financing
- Bridge financing
- Corporate working capital injection
- Pure equity
- Debt consolidation
- Inventory loans
What are Liberty's terms?
Our terms typically range from 6 to 24 months. We offer a closed period after which the loan can be paid out, without any early payment penalties.
What size of loans will you consider?
We will consider a wide range of loans from $100,000 to $10,000,000 and beyond! Visit our Done Deals
What are the costs associated with a mortgage loan?
Interest payments of our loans are typically made on a monthly interest only basis, with a principal repayment at the end of the term. Partial principal repayments can be negotiated depending on our borrower's needs.
What security does Liberty require?
All our loans must have a real estate security component. We occasionally supplement our security with chattel mortgages and always require personal and/or corporate guarantees.
Will you lend to individuals with poor credit?
We review each opportunity on a case-by-case basis, and do not necessarily turn away borrowers with poor credit. Liberty's focus is on the equity in the properties.
How long does it take to fund the loan?
Upon receipt of an application and adequate supporting documentation, Liberty strives for a loan approval within 2 – 5 days. Funding typically follows 5 – 7 days after loan approval, depending on the size of the loan. Every situation is different of course. We act as quickly as we can, and pride ourselves with our non-bureaucratic processes. We will give you an indication of timing once we've had a chance to review your financing needs.
What is the process for applying for a loan with Liberty?
The best way is to start with our online application form, or contact us directly to determine your needs and whether it fits within our parameters. The information required varies greatly on each loan.
