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Ontario Wealth Management Corporation

Toronto·Founded 2001·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 Ontario, 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.
Ontario Wealth Management Corporation describing itself

Loan programs

Offers— no published terms

Terms & qualification

Typical loan size
$1M – $35M
Typical term
12 mo – 24 mo
Interest rate
9% – 12%
Origination / points
1.5% to 2.0%
Lien position
1st
Prepayment penalty
yes
Payment structure
Interest Only
Recourse
Always
Closing speed
10 days typical · 5 days fastest
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation

Property types

Lending footprint

Not reported.

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.