Increasingly, brokers are having difficulty securing mortgages for rental properties but one lender has added a new tool to the broker’s belt.
“We believe that the launch of the Small Rental Program demonstrates our commitment to providing a broad product line for our mortgage broker partners,” said Paul Grewal, president of Street Capital. “It’s another reason for brokers to select Street Capital
as their preferred lender.”
Announced Wednesday, Street Capital's new rental program is targeted at the small (1-4 units) rental market.
The new addition to Street Capital’s product portfolio offers financing options for clients interested in purchasing or refinancing non-owner occupied properties including condo, single family, duplex, triple and fourplex rentals, according to the official release.
“The Small Rental Program is now available to brokers across Canada,” the release states. “Brokers interested in doing business with Street Capital should contact their local Regional Vice-President of Sales for more information.”