The PHL Advantage for Mortgage Financing

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Lending Guidelines

At PHL, we know that prompt responses are crucial for brokers and agents. That’s why our policy is same-day feedback and a commitment within 24 hours.

RESIDENTIAL

1ST & 2ND MORTGAGES

MAX LTV

Up to 75% Based on appraisal

LENDING AREAS

Metro Vancouver & Fraser Valley

MIN/MAX MORTGAGE

$50,000 – $5,000,000

ELIGIBLE PROPERTIES

Single Family Dwelling, Condominium Units, Townhomes, Acreages

TERMS

1 Year (No Prepayment Penalty)

PLACEMENT FEE

1 – 2%

RATES

Please Contact Us at 604.579.0843

Construction

1ST & 2ND MORTGAGES

MAX LTV

Up to 75% Based on appraisal (as if 100% complete)

LENDING AREAS

Metro Vancouver & Fraser Valley

MIN/MAX MORTGAGE

$100,000 – $3,000,000

ELIGIBLE PROPERTIES

Owner or Spec Build

Draws

Construction draws to be advanced in draws upon completion, via lender inspection, of work-in-place and cost to complete.

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

Please Contact Us at 604.579.0843

Commercial

1ST & 2ND MORTGAGES

MAX LTV

Up to 65% Based on appraisal

LENDING AREAS

Metro Vancouver & Fraser Valley

MIN/MAX MORTGAGE

$100,000 – $10,000,000

ELIGIBLE PROPERTIES

Industrial, Retail, Office, Mixed Use

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

Please Contact Us at 604.579.0843

Land

1ST & 2ND MORTGAGES

MAX LTV

Up to 65% Based on appraisal

LENDING AREAS

Metro Vancouver & Fraser Valley

MIN/MAX MORTGAGE

$100,000 – $10,000,000

ELIGIBLE PROPERTIES

Acreages, building lots, land development

Terms

1 Year (No Prepayment Penalty)

Placement Fee

1 – 2%

RATES

Please Contact Us at 604.579.0843

Approved
Appraisers

Residential Appraisers

 

Commercial Appraisers

  • Burgess, Cawley, Sullivan & Associates
  • Hooker Craig Lum Group (HCLG)
  • CWPC Property Consultants Ltd.
  • Macintosh Appraisals Ltd.
  • Garnett Wilson Realty Advisors Ltd.
  • Saran Appraisals & Consulting Ltd.

 

Approved Environmental Consultants

  • Golder Associates
  • NEXT Environmental Inc.
  • Keystone Environmental Ltd.
  • WSP

Mortgage Application

Speak to our mortgage analyst (604.579.0843 or quyenvu@phlcapital.com.

Mortgage Application

How to submit a deal

Residential

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)

Commercial

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)
  • Stage 1 Environmental Report

Construction/Development:

  • Application on each applicant.
  • Credit Bureau reports on each applicant.
  • Appraisal(s)
  • Final building plans
  • Confirmation of building permit, builder’s resume, home warranty insurance coverage

Deal Submission

Our policy at PHL is to provide prompt response to all applications. Please forward your application to: