Course Catalogue

Introduction

This course, divided into five sections, covers various financing considerations and alternatives for borrowers and properties of different types. Through discussion of types of repayment plans and non-conventional mortgage fund sources from private mortgages, mortgage professionals would be better equipped to advise on suitable products for their clients. Meanwhile, leasehold, construction, and commercial financing present particular issues based on the unique characteristics of the property and projects. An understanding of these specialized mortgages will allow mortgage professionals to serve a broader range of clients, or to specialize in specific sectors.

Course Outline

Section 1: Commercial Underwriting

• Application For Commercial Loans
• Cash Flow Analysis
• Lending Constraints
• Nature Of Covenants

Section 2: Development and Construction Financing

• Overview of the Land Development Process
• Development Financing
• Construction Financing
• Alternative Development Financing Arrangements

Section 3: Private Mortgages

• What is a Private Mortgage?
• Private Lenders
• Who Needs a Private Mortgage?
• Underwriting the Private Mortgage
• Funding the Private Mortgage

Section 4: Leasehold Finance

• Types of Leases
• Appraisal of Leasehold Interests

Please review the program regulations prior to registration.

This course is recognized by AMF for 10 general PDUs. Please contact formation@MonPHC.ca upon course completion for AMF reporting purposes.