- Multiple Properties
Private Multi-Residential Mortgage Loan in Quebec
Do you own several buildings in Montreal or elsewhere in Quebec, and the bank process is becoming too heavy to manage?
A private multi-residential mortgage loan with Clic Hypothèque allows you to finance your projects using the equity in your properties, without a bank's administrative burden.
- Multi-Residential Financing
Why Banks Make Multi-Residential Financing Complicated
The more buildings you own, the more documents a bank requires: separate tax calculations for each building, a review of dozens of leases, and a wait that can stretch from 6 to 12 months before a loan is granted. In fact, many experienced investors in Quebec no longer even go through a bank for this type of financing.
- How It Works
How Multi-Residential Financing Works with Clic Hypothèque
We don't calculate your taxes building by building, and we don't review dozens of leases one by one. What matters is the equity available in your properties. Here's how the process works:
1.
You fill out an online application with information about your properties.
2.
We review your file and give you a response within 24 hours, with no impact on your credit.
3.
If your file is approved, you sign the contract at the notary and receive the funds.
- Rates
What Rates and Amounts Are Available
Our rates range from 9% to 12% for first mortgages and from 13% to 15% for second mortgages, depending on each homeowner's equity and situation. We provide financing from $25,000 to $1,000,000, up to 75% of the property's value. The exact amount and rate depend on the assessment of your file.
- This Solution
Who Is This Solution For?
This solution may be right for you if you:
Own several buildings in Quebec and find the bank process too long or too demanding
Want to seize a buying opportunity quickly without waiting 6 to 12 months for approval
Have available equity in one or more of your buildings in Montreal or elsewhere in the province
We assess each file on a case-by-case basis, no matter where your properties are located in Quebec.
- Frequently Asked Questions
Frequently Asked Questions
Clear answers to help you understand private mortgage financing.
Does Private Multi-Residential Financing Work for an Income Property in Montreal?
Yes. We finance income properties across Quebec, including Montreal, based on the equity available in the property.
Can I Get This Financing If I Already Own Several Mortgaged Properties?
Yes. We assess the available equity property by property, no matter how many buildings you already own.