Squire is a non-bank lender specializing in loans secured by real property.

We specialize in loans that are outside of the parameters of conventional lenders. Squire combines outstanding service with prompt, competitive and reliable financing options for residential and commercial properties.

We understand the issues facing borrowers and provide service that you can count on. Whatever your requirements, Squire has the expertise to tailor a loan to meet your specific needs.

We are committed to providing borrowers with:

– Responsive and timely execution
– Flexible solutions to changing circumstances
– Competitive rates

Please note that all of our mortgages are facilitated through licensed Mortgage Brokers. If you need a Mortgage Broker/Agent, we can help you find one in your area.

There are many unique borrowing situations that require a lender with the flexibility to make it happen.

If traditional mortgage lending is not meeting your needs, we can help.

Private mortgages are usually a short term solution in situations where funds are not available from a traditional lender or when a borrower has a tight schedule in which to access funds for a purchase or project.

Many of our private mortgage holders experience issues with traditional lending because they:

• Are self-employed and can’t prove their income
• Have poor or blemished credit history
• Have not been with their employer for a significant period of time
• Have a limited credit history

Home equity represents the amount you have invested in your home through years of payments and increased market value.  Your equity is the value of your home less the amount owed on your mortgage. 

You can use your home equity to:

• Consolidate debts
• Make home improvements
• Pay for education
• Get married
• Buy an investment property
• Invest in your small business
• Pay for temporary situations such as medical or legal expenses

We tailor our loans to meet the specific needs of each circumstance and loan requirement. Our mortgages typically fall into the following loan categories:

• Standard First and Second Mortgage Loans – for refinance or purchase
• Equity loans – bridge the gap between equity and available conventional financing
• Construction loans – finance certain construction and development costs
• Improvement loans – renovation of completed buildings

If your needs fit one of these categories, Squire can likely meet your private mortgage needs.

While every loan is structured to meet individual circumstances, our general lending criteria is outlined below:

General criteria:

• Interest only or amortizing
• Term of 12-24 months
• First mortgages up to 80% of appraised value
• Second mortgages up to 85% of appraised value
• Standard first mortgage interest rates as low as 6% 
• Standard second mortgage interest rates as low as 10%
• Mixed use, residential & commercial, max LTV on a case by case basis
• Multi-unit residential max LTV on a case by case basis

Construction Financing

• Maximum LTV of 70% of upon completion value in major cities on town services; 55% LTV of appraised land value as initial advance
• Maximum LTV of 65% of upon completion value on rural properties, 50% LTV of appraised land value as initial advance

These are only guidelines.  Please contact us if you would like to discuss your mortgage loan requirement or to receive a specific quote.  We would be pleased to hear from you.