Real Estate Lending
-
Catalyst Private Credit > Real Estate Lending
Catalyst provides first and second mortgages on commercial and multi-family property for owners and investors who need flexible, relationship-based lending rather than a bank checklist.
Property types we finance. We lend against multi-family apartment buildings, industrial and warehouse property, neighbourhood retail, suburban office, mixed-use buildings and select owner-occupied commercial real estate. Transitional assets, including buildings in lease-up, properties undergoing repositioning and assets with near-term lease expiries, are a natural fit for private credit and are a large part of our book.
How we underwrite. Our underwriting starts with the real estate: location, condition, tenant quality and realistic value today and on completion of the plan. We then look at the sponsor, the equity in the deal and the exit. We obtain an independent appraisal and environmental review where appropriate, and we price each loan on its own merits. Second mortgages are considered where the first mortgage lender will consent and combined loan-to-value remains within our guidelines.
- Commercial, industrial, multi-family and mixed-use
- First and second mortgage positions
- Transitional and value-add properties welcome
- Interest-only and amortizing options
- Loan sizes from $500,000 to $15 million
- Funding in as little as three weeks
Multi-family, industrial, retail, office, mixed-use and select owner-occupied commercial property across Western Canada, including transitional assets in lease-up or repositioning.
Yes, where the first mortgage lender consents and combined loan-to-value stays within our guidelines.
We obtain an independent appraisal on every real estate loan and form our own view of value, including what the property would sell for on a shorter timeline.
Have a transaction that needs certainty and speed? Talk to the Catalyst credit team about how we would structure it.
