BRIDGING
THE
GAP
COMMERCIAL MORTGAGE LENDING CRITERIA
Mortgage Type Loan to Value (up to) Loan Amount Range Interest Rates Starting at
Apartments 75% $1 M - $20 M 6.50%
Res. Condo Inventory 70% $1 M - $20 M 7.25%
Retail/Offi ce/Industrial 75% $1 M - $20 M 7.25%
Land (urban infi ll) 65% $1 M - $20 M 7.75%
RESIDENTIAL MORTGAGE LENDING CRITERIA
Mortgage Type Loan to Value (up to) Loan Amount Range Interest Rates Starting at
Single Family + Condo 65%
$750K - $5 M
6.75%
Luxury Condos 60%
$750K - $5 M
7.25%
Rentals/Vacation 60%
$750K - $5 M
7.25%
Phone 604.688.5388
www.lanyardgroup.com
Commercial
Sam Fogell
Ontario + Western Canada
sfogell@lanyardgroup.com
Residential
Christine Perkins - Western Canada
cperkins@lanyardgroup.com
Robyn Duffy - Ontario
rduffy@lanyardgroup.com
CMB MAGAZINE cmba-achc.ca fall 2018 | 15
memberprofile
my underwriting specialist. And apart from
them, I also have to thank my balanced and
reasoned business partner, Keith Leighton,
who oen talks me off the ledge when things
seem to be going sideways. Finally, there is my
dog, Ruddick. Aer a long day, he loves me
unconditionally and that makes
everything all right.
CMB: What advice would you have for
someone starting out in the mortgage
industry?
nH: Find a brokerage that can offer a great
deal of support; one that can help you
with training and has the ability to offer
mentorship. In any industry, it's about
building a client base. You need to have the
support that will allow you to do that while
learning the tools of the trade. at enables
you to make a living while learning; hence our
team model at Ideal Mortgage.
CMB: What's on the horizon for you,
career-wise?
nH: I think I'll be plugging away here for the
next decade or so. I'm really looking forward
to the growth of Ideal Mortgage. I'm hoping
I can advocate for our business and help
our team grow by recruiting brokers and
finding new partners. My goal is to get to a
point where I can work more on the business
instead of in it.
CMB: What hobbies do you enjoy in
your spare time?
nH: I'm a boating fanatic. I have two
sailboats and a 15-foot powerboat. Other
than my wife, that's my respite from the
vagaries of the mortgage industry. For
30 years, I sailed competitively and I was
fortunate to have the means to do some
international sailing. I had a great time
staying young by hanging out with young
people on the deck of a sailboat and being
active. At the end of 2016, I retired from
competitive racing and I bought a C&C
33 racer/cruiser. I did this so my wife and
I could enjoy sailing together, because
competitive racing wasn't her scene.
Ideal Mortgage is looking to expand
from Nova Scotia to Newfoundland soon
and New Brunswick after that
