Drake Financial can help unlock more opportunities to simplify private mortgages and close deals faster.
+ Quick response & turnaround
+ Multiple private lenders to get your deals done
+ Flexible fee structures
+ Flexible rate and terms, tell us what you can sell
+ Creative solutions - Inter Alia, 1st, 2nd, 3rd mortgages
+ EQUITY DEALS! Self-employed / stated income; low beacon score; Ex-Bankrupts
+ Pay out, go behind existing privates or CHIP
+ Pre-paid terms
+ 12-24 month terms Fully OPEN or after 6 months, low renewal Fee at term
We lend on a good story!
New Deal Funded
Vancouver BC New Build Duplex, pending stratification and priority over CPL $2.2million 62% LTV 1st and 2nd Combo 10.95% Rate Payout Foreclosure, units to be sold.
Recently Funded Deals
New Westminster BC Condo purchase, $428,000 combined 75% LTV 1st and 2nd combo. Rate 10.95% and 13.95%
Second mortgage, New Westminster BC House $275k, 13.95% rate at 70% LTV Payout existing 2nd and arrears on First mortgage.
First Mortgage, House Purchase Hope BC rural area. $451,500, 70% LTV First/Second combo 10% Rate
First Mortgage Chilliwack BC House $465,000, 6 months pre-paid, renovate and sell, 55% LTV 11% Rate
Second Mortgage Wembley, AB $80k, 15.95%, 65% LTV
Second Mortgage Peachland, BC. $170,000, 12.95%. Funds to finish build 65% LTV