Squire Financial Inc.: real estate loans secured by real property

Squire Financial Inc. (SFI) specializes in real estate loans secured by real property. Revenues are generated through interest earned and associated lender fees. Typical deals include 1st& 2nd residential mortgages and Rent To Own properties.

• Not subject to restrictive OSFI lending rules – SFI is not subject to Guideline B-20 which outlines fundamental principles that federally regulated lenders must follow. They include that loan decisions cannot be based on the underlying collateral value but rather a client’s ability to service the loan. Also that all high ratio loans (>80% LTV) must be insured. By not being bound by the same regulatory burden placed on federally regulated lenders, SFI is able to offer “non-prime” borrowers loans otherwise unavailable to them.
• Expansive network of brokers, bankers, accountants, lawyers, real estate agents, builders – SFI employees a channel strategy which provides us with tremendous access to deal flow across Ontario.
• Exclusive origination arrangement with Concierge Mortgage Group and Green Lend Financial – Concierge won best new brokerage in Canada at the annual CMP Awards in 2013.
• Squire Management Inc. is a licensed mortgage administrator – As an administrator the potential clients SFI can serve include all other lenders including federally regulated lenders. SFI can originate, underwrite, and administer mortgages on behalf of other Lenders, Funds, Syndicates; etc.

Source: icnw