For Developers
Tailored loans and financing for your next development project
Experience Makes
The Difference
Dorr Capital has originated mortgage loans to borrow as high as $73.6 million dollars, with average loan sizes of $9.1 million dollars. Our area of focus includes land construction loans, small rental units or multiplex dwellings in Ontario, Canada.
By choosing to work with us, you can expect expert advice through each stage of development. We aim to understand your project and your vision to structure financing that is flexible and adaptable to unforeseen circumstances. At Dorr Capital, we simplify the mortgage approval and borrowing process so you can focus on the big picture.
As experts in the commercial mortgage industry, our team of dedicated professionals work closely with developers to source alternative capital solutions. We leverage over 88 years of deep rooted relationships to help finance the purchase, development, refinance, or equity of your project when traditional institutions won’t.
Brokerage
At Dorr Capital, brokering deals is a core function of what we do. We specialize in securing financing for developers in all size ranges.
Whether your project is small or large in scale, we simplify the mortgage approval and funding process so you can focus on the big picture. As a trusted partner in the lending community, we leverage our close network to source capital to fund CMHC insured or conventional forms of multi-family, condominium, industrial, infrastructure, or land development construction projects.
Are you looking to obtain secure financing for your next real estate venture? Talk to us today to learn more about our options.
Loan servicing
As a licensed Loan Administrator for the past 13 years, we have a very robust loan servicing platform with over $281M in active loans being serviced.
We service a variety of loan types including, but not limited to, the following; land loans, servicing and construction loans, term loans, bridge loans, mezzanine loans. We also service a variety of property uses including both residential, multi-family, retail, industrial, office, self-storage, retirement homes, hotels etc. We primarily service in Ontario and have the ability to service loans elsewhere in Canada if required.
Our affinity for risk management in real estate extends to how we run our business. Our Business Continuity Plan allows our operation to quickly recover and resume after a significant business disruption. Internal controls are in place to ensure sensitive information in all forms (physical and electronic) are protected and secure. Furthermore, we have retained auditors annually to perform an external audit of Dorr Capital’s financial statements and compliance with the standards in the Mortgage Brokerages, Lenders, and Administrators Act, 2006.
Our loan servicing entails the following activities:
- All loans serviced by Dorr Capital are subject to an internal Credit Committee Review.
- Provide all loan documentation once the loan has been approved by the internal Credit Committee Review.
- Provide all the billing, collection and enforcement of all our loan agreements (Commitment Letters, Mortgage Participation and Servicing Agreements, Postponement and Standstill Agreements)
- Single advances and/or multiple advances for term, construction or bridge loans in first, second or third priority.
- Servicing for transactions for sole investors and/or syndicated investors (qualify investors through our EMD for every transaction.
- Complete due diligence on behalf of the investors for all fundings (review PNW, Credit Bureaus, property insurance requirements, Environmental and Soils Investigations, municipal approvals etc.)
- Engage all third party professionals to assist in completing the due diligence (solicitors, appraisers, planners, cost consultants and engineers etc.)
- Provide default management for defaulted loans. (Demand Notices, Power of Sale and Receivership activities)
- Provide monthly reporting and required CRA tax forms.
- All remittances are via electronic funds or wire transfer.
- All loans serviced by Dorr Capital are subject to an internal Credit Committee Review.
- Provide all loan documentation once the loan has been approved by the internal Credit Committee Review.
- Provide all the billing, collection and enforcement of all our loan agreements (Commitment Letters, Mortgage Participation and Servicing Agreements, Postponement and Standstill Agreements)
- Single advances and/or multiple advances for term, construction or bridge loans in first, second or third priority.
- Servicing for transactions for sole investors and/or syndicated investors (qualify investors through our EMD for every transaction.
- Complete due diligence on behalf of the investors for all fundings (review PNW, Credit Bureaus, property insurance requirements, Environmental and Soils Investigations, municipal approvals etc.)
- Engage all third party professionals to assist in completing the due diligence (solicitors, appraisers, planners, cost consultants and engineers etc.)
- Provide default management for defaulted loans. (Demand Notices, Power of Sale and Receivership activities)
- Provide monthly reporting and required CRA tax forms.
- All remittances are via electronic funds or wire transfer.
Driven by superior results. Backed by expert underwriting.
We are Licensed by the Financial Services Regulatory Authority of Ontario (FSRA).
Dorr Capital is a trusted commercial mortgage broker that acts as an intermediary by brokering your mortgage loan and finding an appropriate lender/investor that fits your structure best. Our services are rendered by an esteemed group of underwriting professionals that fuels our competitive advantage. Our due diligence process provides developer clients the granular details necessary to make informed decisions. We structure deals that result in mutually beneficial outcomes for both the developer and lender to ensure a seamless execution.
Advisory Service
We facilitate high-caliber transactions and perform advisory services to Ontario’s most renowned developers and lenders.
As experienced commercial real estate finance experts, Dorr Capital offers advisory services at competitive fees and exemplary fiduciary duties to our valued clients. Contact us today to explore our representation options.
CMHC Insured Loans
As an experienced and approved correspondent of the CMHC, Dorr Capital can accurately process your CMHC applications quicker and easier than financial institutions.
With over 11 years of experience working for the CMHC, Brian Dorr’s guidance, and expert knowledge supersedes that of conventional third party providers. We are proud to work with the CMHC and support the development of new housing developments and infrastructure in our under supplied Canadian housing market.
Have questions about your CMHC application? Chat with us today and find out more about the services we offer.
Default Management Consulting
During his tenure at CMHC, Brian was privy to understanding the complex and inner workings of defaulted properties.
He understands the reasons why properties reach this stage and is experienced in navigating ways to get them out of it. With the Canadian real estate market undergoing its highest level of default loans since the 1990’s, it is imperative that you receive the right expertise, experience, and knowledge to navigate this process if you find yourself there. Dorr Capital is one of the few firms offering this form of advisory service at competitive fees.
Do you find yourself in a pinch? If you are keen on navigating this obstacle as smoothly as possible, get in touch with our team.
We are a trusted mortgage lender and broker
As a specialized commercial mortgage lender and broker, we offer a variety of development loans to meet our partners’ needs.
We source financing from institutional lenders, our investors, and our own capital. Our customized loan services are conducted efficiently to ensure your goals are realized and met in your intended time frame.
We specialize in the following loans and financing:
Land
Land Development
Revolving Construction
Condominium Construction
Commercial Construction
Mezzanine
Equity
Commercial Term
Inventory
Small Rental Loans
Multi-Plex Loans
CMHC Loans
Our Process
Step 01
Contact
Contact Dorr Capital to borrow money
Step 02
LOI
Letter of Intent is Issued
Step 03
Signature
LOI Signed and Sent to Dorr Capital
Step 04
Underwriting
We Underwrite the Loan
Step 05
Commitment
We Issue a Commitment Letter to You
Step 06
Conditions
Commitment Letter is Returned, Signed, Meeting Conditions
Step 07
Funding
We Direct the Loan Funding
Step 08
Management
We Direct the Loan Funding
Superior underwriting drives our performance
Dorr Capital employs a well-developed and successful underwriting process created and tested by our internal experts with over 88 years of industry experience. When completing the process, our underwriters seek out information related to the economics of the deal: a market analysis that looks at competing projects and the overall market, a client analysis and Dorr Capital’s own risk rating.
We then provide the merits of the proposed deal in a clear and concise loan presentation with complete transparency so that investors have all the knowledge needed to make an informed decision. Our superior underwriting ranks above institutional grade.
- Land ready for development (up to 80% loan to cost)
- Second mortgage loans for income producing properties (combined debt service coverage of 1.05 times)
- Second mortgages for residential, commercial and retail properties (up to 85% loan to cost)
- Short term bridge lending (up to 85% loan to cost)
- Development of residential and commercial projects (up to 90% loan to cost)
- Land development and servicing loans supported by future serviced lot values, recoverable costs and residual land (up to 90% loan to cost)
- Conventional and high-ratio land acquisition loans (up to 80% loan to value)
- We arrange/structure equity finance deals in conjunction with senior debt and mezzanine finance to enhance investors’ mortgage investment yield
- Investors are provided a detailed and timely project summary and presentation
Get in touch
If you’re an investor looking for results-driven opportunities, or a developer seeking financing solutions for an upcoming project, reach out and let’s get to work.