RESOURCES

Whether you are a novice or experienced private lender, we understand your need for expedient and competent legal representation on your transactions. At Kormans LLP, our lawyers are experienced with handling all variety of residential and commercial private mortgage transactions for individuals and corporations. Whether you are arranging for a standard, blanket, construction, or any other type of mortgage, we can help.

We don’t take your investment lightly. Our thorough approach to due diligence helps you assess and navigate risk, and ensures the security and protection of your investment (see our post “Due Diligence: Private Lending” for more detail).

Private lenders often need to make funds available to their borrowers swiftly. As such, closings are facilitated in a short period of time.

If you are in the process of drafting a mortgage commitment or agreement, it is important that you have it reviewed by a lawyer before signing. Every transaction is unique, and the commitment should be tailored accordingly. There are also many laws affecting the private lending arena which you should be made privy to, prior to finalizing your deal (see our post “Caution to Lenders: The Effect of Section 8 of the Interest Act on Interest Rates and Mortgage Default Penalties” for an example of such laws regulating lending).

If you have an upcoming private lending transaction, or have general inquiries, contact us at (905) 270-6660, or email us at info@kormans.ca for trustworthy and reliable advice.

Happy and safe investing!

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Reem Haroon is an Associate Lawyer at Kormans LLP. Her practice areas include Real Estate Law, Corporate Law and Wills/Estates Law. You can reach Reem at rharoon@kormans.ca. The information and comments herein are for the general information of the reader and are not intended as advice or opinion to be relied upon in relation to any particular circumstances. For particular application of the law to specific situations, the reader should seek professional advice. Kormans LLP cannot be responsible for the content of other sites. We expressly disclaim all liability with respect to actions taken or actions not taken based on content received from a third party website linked, directly or indirectly, to that of Kormans LLP.  The link to another site is not to be construed in any way as an endorsement of the host, the site or the information contained therein, nor is such link to be inferred as an association or affiliation with the host.