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.