Lending solutions ranging from $50,000 to $35 Million

Benson Capital offers a wide range of lending services, including first and second mortgages, blanket mortgages, and emergency financing. We cater to various property types, such as residential homes, rentals, luxury condos, and commercial properties. With loan amounts ranging from $50,000 up to $35 million, Benson Capital provides flexible financing options for purchases, refinances, and construction projects. We welcome deals in the Greater Toronto and Hamilton Area and all of Ontario with competitive loan-to-value ratios of up to 80% based on credit qualifications.  Other provinces such as Alberta and British Columbia are processed on an exception basis. 

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Commercial lending

Rental Property 2+ Units
Store Front With Apartment
Commercial Plaza
Industrial/Automotive Space
Office Building
Rural and Hobby Farms
Acreage
Land Development
Hotels/Motels

Types of Lending

Private Mortgages
2nd & 3rd Mortgages
Mezanine Financing
Bridge Financing
Debt Consolidation
Urgent Financing
Vacant Land
Construction Loans
Investment

LOAN PURPOSE

Flexible fund management tailored to market dynamics and opportunities.

MORTGAGE TYPE

1st mortgage, 2nd mortgage, blanket mortgages, conventional, non re-advanceable.

LTV

Up to 80% for purchases and refinances . Refer to pricing sheets for eligibility.

LENDING AREAS

Ontario: GTHA and Metropolitan Areas (Waterloo, Kitchener, Ottawa, waterfront properties). On an exception basis: Alberta and British Columbia

LOAN AMOUNTS

$50,000 Up To $35mil max loan amount. Larger amounts available via co-lending.

PROPERTY TYPE

Residential, Rentals, Construction, Vacant Land, Waterfront Cottages, Luxury Condos, Estate Homes, Farms, Bridge Financing, Commercial, Plazas, Industrial, Development Sites.

AMORTIZATION

Interest only

AVAILABLE TERMS

1 to 2 years

CREDIT

No minimum beacon score

APPRAISALS

Appraisals are required on every file and must be performed by an approved appraiser.

INCOME

Reasonability Test & Net Worth Statement.

LENDING REQUIREMENTS

Email all deals to bm@bensoncapital.ca (preferred) or Submit electronically to Filogix - select Benson Capital from the drop-down list of options in the Private Lender tab. Once you have submitted the deal please send us an email.

FAQ

What types of loans does Benson Capital offer?

Benson Capital offers a variety of loan types, including 1st and 2nd mortgages, blanket mortgages, and emergency financing for property purchases, refinances, and construction projects.

What is the typical loan-to-value (LTV) ratio offered by Benson Capital?

Benson Capital provides loan-to-value (LTV) ratios of up to 80% for purchases and refinances, depending on the borrower’s credit qualifications and the specifics of the property.

What regions does Benson Capital serve?

Benson Capital primarily serves Ontario, focusing on the Greater Toronto and Hamilton Area (GTHA) and metropolitan areas such as Waterloo, Kitchener, and Ottawa. We lend in British Columbia and Alberta on an exception basis.

What types of properties are eligible for financing with Benson Capital?

Benson Capital finances a range of property types, including residential homes, rental properties, luxury condos, construction projects, vacant land, estate homes, waterfront cottages, farms, commercial plazas, industrial properties, and development sites.

Is there a minimum credit score required to qualify for a loan with Benson Capital?

No, Benson Capital does not require a minimum credit score. Borrowers with various credit backgrounds are considered, making private lending more accessible.

Are appraisals required for all loans?

Yes, Benson Capital requires an appraisal for every loan application. The appraisal must be conducted by an approved appraiser to ensure the value of the property aligns with the loan being issued.

What are the typical terms of the loans offered by Benson Capital?

Benson Capital typically offers loans with terms ranging from 1 to 2 years. These loans are often structured as interest-only payments, meaning borrowers only pay interest during the loan term, with the principal due at the end.

Does Benson Capital offer loans for construction projects?

Yes, Benson Capital provides financing for construction projects, including both residential and commercial developments. This includes vacant land and development sites, making them a viable option for builders and developers.

What documentation is required for a loan application?

To apply for a loan with Benson Capital, borrowers typically need to provide a reasonability test for income, a net worth statement, and a property appraisal. All loan submissions are reviewed electronically through Filogix.

Can Benson Capital provide larger loans for high-value projects?

Yes, Benson Capital offers loan amounts up to $20 million and may provide larger amounts through co-lending arrangements for high-value projects such as commercial developments, luxury estates, or large industrial properties.

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