Direct Private Lender for Commercial Real Estate Nationwide
Founded in 2001, Ontario Wealth Management Corporation (Owemanco) is a private mortgage fund offering bridge loans secured by investment properties throughout the United States and Canada. Owemanco’s team is comprised of underwriting professionals with hands-on experience in real estate, loan origination, loan servicing, and asset management. Our brokers and clients benefit from informed underwriting solutions resulting from powerful team dynamics and in-house expertise. We ensure that we put our best foot forward with each transaction and deliver on our promises. Our track record is an affirmation of the values we hold in esteem.
- Our maximum LTV/LTP is typically 65% for all asset classes
- We can go up to 75% LTV with additional collateral in 1st lien position
- Our interest rates are floating: Prime + 200-500 basis points
- Brokers Protected
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Commercial Value-Add
Residential Construction
Multifamily Construction
Commercial Construction
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Auto Dealership
- Auto Repair
- Bed and Breakfast
- Cannabis Dispensary
- Car Wash
- Church
- Commercial Condominium
- Community Center
- Condominium
- Cooperative
- Event Center
- Healthcare
- Hostel
- Hotel
- Industrial
- Mixed-Use
- Motel
- Multifamily
- Office
- Parking Garage
- Place of Worship
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- Religious Facility
- Retail
- School
- Single Family Residence
- Storage Facility
- Student Housing
Loan Types
- Multifamily Bridge
- Multifamily Rehab
- Multifamily Ground-Up Construction
- Commercial Bridge
- Commercial Property Value Add
- Commercial Ground-Up Construction
Specialty Loan Types
- Condo Conversion
- Debtor in Possession
- Discounted Note Payoff
- Earnest Money Deposit
- Foreclosure Bailout
- Line of Credit Portfolio of Properties
- Line of Credit Single Property
- Note Purchase
- Partner Buyout
- Primary Residence Bridge
- Primary Residence Business Purpose Cash Out
- Residential Equity Share
- Residential Non-Prime
- Residential Short-Term Rental
- Reverse 1031 Exchange
- Subdivisions
- TIC Tenancy-in-Common
- Transactional Funding
- Vacation Rental
Max Loan-to-Purchase Price
65%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
- Gap Lender
- Crowdfunding
- Family
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
2Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
65%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
5Maximum After Repair Value
65%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
2Max LTC for Ground-Up Construction Costs
65%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesDeposit Required
Deposit is required when LOI is signed by borrower, after the initial site visit.
Site Visit Fee
An Owemanco employee will do a site visit before issuing an agreement and formal LOI.
Appraisal Fee
Most of our loans require a BPO (broker price opinion) and only some loans will require an appraisal. Borrower pays the BPO or appraisal fee.
Fees which are mandatory for all new borrower clients
- Deposit
- Site Visit Fee
Fees which are paid to a third party company
- Appraisal Fee
- Inspection Fee
Contact Ontario Wealth Management Corporation
Stay Informed About Private Lending
Ontario Wealth Management Corporation (“Owemanco”) originates and administers loans secured by mortgages in Canada and the United States. Established in 2001 and headquartered in Toronto, Canada, Owemanco is a professional private lender that provides bridge loans ranging between $1,000,000 and $40,000,000. Owemanco sets itself apart from its competitors with the speed and accuracy with which it underwrites and funds new loan opportunities.
Our core strength lies in the speed with which we deliver financing to our clients; our flexible terms ensure that each loan is tailored to the specific needs of our clientele. Our precise underwriting and thorough analysis of all asset types brands us as market leaders and our track record for the past 20 years demonstrates our commitment to originating novel solutions to convoluted challenges. We pride ourselves on our timeless lending formula that is deeply rooted in solid due diligence processes which include visiting every property and interviewing every borrower while maintaining an open-mindset to welcome every circumstance. Our expertise combined with prudent lending practices originates a powerhouse of opportunities that propels us to the forefront of the bridge lending industry.
Associations
- Independent Mortgage Brokers Assocation of Ontario
- Mortgage Professionals Canada
Office Locations
402-1910 Yonge Street, Toronto, Ontario M4S3B2Our Team
Sohail Zayona
Principal
Contact Ontario Wealth Management Corporation
Stay Informed About Private Lending
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Create a Loan Request
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Contact Ontario Wealth Management Corporation by whichever method you choose.
If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.
Our Minimum Loan Amount Is
$1,000,000
What We Do
- Lending throughout the USA + Ontario
- Purchase & Refinance Bridge Loans
- LTV / LTC up to 65%
- 35% Cash Required for Acquisitions
- Will Consider Luxury Residential Properties
Not Available
- NO 100% Financing or High Leverage
- NO Land Loans
- NO Construction except in NYC, IL, FL
- NO Junior Liens in the USA
- NO Owner-Occupied Homes in the USA