Gopabandhu Mohanty's Contact Details

Gopabandhu Mohanty's Company Details

TempBridge Inc., is a private mortgage lender that fills a niche in commercial property financing by providing interim/bridge financing against a wide range of real estate assets including multi-residential, retail, industrial, office, hotel/motel and land development. TempBridge underwrites, inspects, commits and funds each loan and uses independent legal counsel to ensure each loan is properly structured and secured prior to funding. Our business model deals with providing financing solutions to borrowers and financial opportunities to our co-lenders.Loan to value of assets to a maximum of 75% of the true market value of the properties offered as guarantee.We have more than 92 years of combined real estate experience.Lending area: Greater Montreal regionLoan amount: From $300,000 to $5,000,000Terms: From 6 months to 24 monthsAmortization: Interest onlyRates: Between 8% and 12.5%Payment frequency: MonthlyRepayment: Interest only. An interest reserve may be required.Loan to value: Up to 75% on properties and some landTurnaround time: Initial reply can be as fast as 48 hours. Fees: Generally range from 2.5-4%Loan types: 1st and 2nd ranking mortgages Interim/bridge financing Inventory loans Joint venture/participation loans Construction loans