LENDING STRUCTURE
CORfinancial provides financing and refinancing solutions to mid-market companies, our lending parameters & structure is as follows:
Loan
- Loan Amount:-$100,000 to $10,000,000 (Synticated loans up to $50,000,000)
- Rate:- From 6.99%.
- Term:- 6 months to 36 months
Fees
- Loan Fees:- 0.5% – 2.5% (of loan amount)
- Monitoring Fees:- Transaction driven – not on every deal
- Appraisal and Field Examination Costs:- Will be based on lenders requirements and will be driven by what documentation is provided by the borrower.
Collateral Security Requirements
- Personal Guarantee:- Required on ALL transactions
- Collateral Charge:-There will be a 1st charge of security over the assets as covered in all loan documentation. In some cases, a 2nd collateral charge may be required too.
Funding Territory
We provide services across SouthWestern Ontario to all major city centers & smaller towns with populations greater than 10,000 as follows:
- Local:- Toronto, GTA & Surrounding areas.
- North:-Barrie
- East:-Ottawa
- West:-Windsor
We will provide our services in other Provinces and the US on a case by case basis