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Terrapin provides quick loan approvals based on our extensive experience in all types of real estate.

Overview

Terrapin lends on BC, Alberta to Ontario, in first and second mortgages secured by single or multi family residential holdings and development projects, commercial real estate including office and industrial properties as well as land. For our borrowers we offer short-term construction financing and interim mortgage funding and a relatively quick approval process based on local management expertise. Loans are funded once we are satisfied that each lending opportunity meets our investors’ criteria.

We meet our borrowers’ needs through a thorough understanding of the commercial and residential real estate markets where we lend. As a result, we can provide quick conditional approvals to assist our borrowers in successfully financing their real estate ventures and earn their repeat business for future projects.

All new loans are initially reviewed by the mortgage brokers at Terrapin’s subsidiary TerraFund Financial Inc. If suitable, all new mortgage applications must then be approved by Terrapin’s Credit Approval Committee and go through our due diligence process before funding that will typically include the use of third party appraisers, engineers, cost consultants, environmental consultants, and lawyers before being advanced.

Interested borrowers should contract Terrafund Financial Inc directly at www.terrafund.com