We finance raw land, construction, residential single & multi-family dwellings, industrial and commercial properties. This may include owner occupied or rental properties, farm land and acreages, recreational properties, and condominium projects. We don't restrict ourselves to a certain asset class. If the mortgage makes sense from our perspective, we will consider it!
The vast majority of our loan portfolio is in Western Canada. However, on a case-by-case basis, we will venture to other provinces in Canada.
We help individual and corporate borrowers in a wide variety of situations. Our creative underwriting team can structure a loan for the following:
Our terms typically range from 6 to 24 months. We offer a closed period after which the loan can be paid out, without any early payment penalties.
We will consider a wide range of loans from $100,000 to $10,000,000 and beyond! Visit our Done Deals
Interest payments of our loans are typically made on a monthly interest only basis, with a principal repayment at the end of the term. Partial principal repayments can be negotiated depending on our borrower's needs.
All our loans must have a real estate security component. We occasionally supplement our security with chattel mortgages and always require personal and/or corporate guarantees.
We review each opportunity on a case-by-case basis, and do not necessarily turn away borrowers with poor credit. Liberty's focus is on the equity in the properties.
Upon receipt of an application and adequate supporting documentation, Liberty strives for a loan approval within 2 – 5 days. Funding typically follows 5 – 7 days after loan approval, depending on the size of the loan. Every situation is different of course. We act as quickly as we can, and pride ourselves with our non-bureaucratic processes. We will give you an indication of timing once we've had a chance to review your financing needs.
The best way is to start with our online application form, or contact us directly to determine your needs and whether it fits within our parameters. The information required varies greatly on each loan.