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.

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

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.

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

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.

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.

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.

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 platforms like Filogix.

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.