Keys To Arranging Bridge Loans With Ontario Private Mortgage

privatemortgagelending.ca If youre looking to secure a bridge loan for a real estate property transaction or some other requirement, then its going to be important to understand the keys to getting bridge financing in place. If you want to get short term funding in place as fast as possible, then a private mortgage in first, second, or even third position is likely going to provide the best results. Private lenders that specialize in short term or bridge funding are able to assess a situation quickly and get funds in a matter of days. So when we talk about the keys to bridge financing, one major key is having equity in a residential or commercial property that you own. With real estate to leverage, the process can go much faster and likely be cheaper than through other forms of bridge loans. Another key is making sure that you have all the documentation for a potential transaction in order. Things such as a recent copy of the title, copy of a recent statement of mortgage if a mortgage is registered on the title, property tax statements, copy of appraisals or environmental assessments that have been completed in the past. The more information you can readily provide to validate ownership, usability, liability, and value, the faster the process will go. And perhaps the most important key element to bridge lending is working with the right team of broker, lender, and lawyer. The more experienced the team you select, the better the result youre likely to secure. If you have <b>…<b>

Australian Market Report of March 17: Markets Ended Slightly Higher

(ABN Newswire – Wall Streets rally came to an end on Monday. The market ended slightly lower on refreshed worries over the health of financial firms. Yesterday the Australian market closed marginally higher as financial stocks surged. The benchmark S&PASX200 index gained 0.1%, or 3.2 points at 3348.4, while the broader All Ordinaries index was up 0.1%, or 2.6 points, at 3297.3. Australian shares may receive support from the stronger copper and oil prices, despite the falls on Wall Street. Key Economic Facts and Figures The Australian Bureau of Statistics has released figures on lending finance for January. The result showed that the value of personal finance issued in January rose 1.4% after seasonal adjustment from December to A$6.49 billion. Commercial finance rose 6.5% in January in seasonally adjusted terms from December to A$31.03 billion. Lease finance fell 17% in seasonally adjusted terms in January to A$443 million. Today the Reserve Bank of Australia will release the minutes of March board meeting. M&A News It is speculated that Canadian media group CanWest Global Communications (TSE:CGS) is seeking A390 million fund raising by sale of its 56.6 per cent holding in Ten Network (ASX:TEN) to five to six investors. Canwest declined to comment and said the company remained focused on operating its businesses. Infrastructure group Asciano (ASX:AIO) plans to raise over A$1 billion to pay down debt. The company said it is considering buyout offers for all of its assets <b>…<b>