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
Condo - Surrey BC - Partial Interest
$105,000 2nd mortgage on partial interest
65% LTV 10.95% Rate
Recently Funded Deals
Maple Ridge BC House/ Farm and outbuildings within A.L.R.
Poor credit, was recently in foreclosure proceedings
$1,575,000 First Mortgage
9.95% Rate Approx 53% LTV
Barriere BC Gas Station combined with Burnaby BC House
First mortgage on Gas station, 2nd charge on House
$1,155,000 for purchase of Gas Station
10.95% Rate approx. 55% LTV
Vernon BC House, finish completion of house
Add-on $380k 3rd mortgage behind our 2nd.
60% LTV at 13.95 rate
Chilliwack BC – Commercial property
$1,117,000 First Mortgage
20% LTV 10.95% rate
Vancouver BC Condo
$115k 2nd mortgage, payout Strata assessment and Debts
65% LTV 11.95% rate