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About Us

At Pendrith Capital, we operate upon the core values of transparency, synergy, and trustworthiness. As a lower to middle market  financial advisory firm, we put you and your visions first. We are always determined to help every client find the best capital options available.

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Development Financing

Pendrith Development / Construction & Specialty Loans

CONTRUCTION LOAN Programs

Construction Financing is used for development and rehabilitation. Construction financing is issued in phases and interest rates depend primarily on the project, experience, property type, current market conditions, and loan product profile as well as pro-forma. most construction loans are recourse , however non -recourse is available for specific projects and low leverage.

Construction 
Loan TypeConstruction to Mini-Perm
Loan Amount (USD)3 Million +
Loan Amount (CA)1 Million +
Loan to Cost75% + Maximum or up to 80% with a Mezzanine Loan.​
Stadard ReserveTaxes, Insurance Reserves (Based on several factors),and TI/LC (if applicable

Construction Financing Rates

TermFloating RateMaximum LTVAmortization
6 Months5.455% - 7.463%75% - Owner-Occupied or InvestmentInterest Only
12 Months5.375% - 7.383%75% - Owner-Occupied or InvestmentInterest Only
24 Months5.635% - 7.893%75% - Owner-Occupied or InvestmentInterest Only
36 Months10.345% - 15.003%75% - Owner-Occupied or InvestmentInterest Only

Property Types: Retail, Industrial, Multifamily, Self Storage, MHC, Student Housing, Office, Condominiums, Land, Mixed Use, Hospitality and Medical Buildings.

Bridge Loan Programs

Bridge loans are designed to provide re-stabilization capital for renovation and or stabilization. These are generally short term loans designed to carry the property and or business to a viable exit strategy.

Bridge Loan
Loan TypeAcquisition, refinance & refinance with cash out​.
Loan Amount (USD)2 Million +
Loan Amount (CA)1 Million +
Loan to Cost80% + 100% of renovation costs​
RecourseLoan can be recourse or non-recourse depending on underwriting criteria.

Bridge Loan Financing Rates

TermFloating RateLoan to ValueAmortization
6 Months6.495% - 12.503%80% - InvestmentInterest Only
12 Months6.995% - 13.003%80% - InvestmentInterest Only
24 Months7.495% - 13.503%80% - InvestmentInterest Only
36 Months7.995% - 14.503%80% - InvestmentInterest Only

Property Types: Retail, Industrial, Multifamily, Self Storage, MHC, Student Housing, Office, Condominiums, Land, Mixed Use, Hospitality and Medical Buildings.

Mezzanine Debt

Mezzanine financing is primarily used to provide higher leverage for additional working capital or for less equity required on new acquisitions. mezzanine loans are in second position behind the senior debt.

Mezzanine Loan 
Loan Amount (USD)3 Million +
Loan Amount (CA)1 Million +
Loan to Cost85%
Loan to Value85%
NotesUsually used in conjunction with CMBS loans, following the same underwriting standards

Mezzanine Loan Financing Rates

TermFixed RateLoan to ValueAmortization
5 Years7.18% - 9.26%75% - Investment30 Years
7 Years7.47% - 9.55%75% - Investment30 Years
10 Years7.82% - 9.9%75% - Investment30 Years

Land Financing Programs

Land Financing can be structured as a position in development or as a hold strategy. Financing on land requires equity and or large cash down payment to mitigate the risk. Borrowers may be subject to credit review among personal and or business financials.

Funding TypeTermsFunding AmountNotes
Undeveloped5 years - Interest Only2 MM MinimumTimber, Farm and Raw Land
Improved 5 years - Interest Only2 MM MinimumRoads, Sewer and or other Utilities
Developed5 years 2 MM MinimumCommercial or Residential