Foundry Mortgage Capital is a team of commercial mortgage professionals headed by CEO and Broker, Murray Wood, that works to make sure you have a custom funding solution that meets your needs and time horizon. Murray and his team of experts solve your complex real estate financing issues and work with you to facilitate transactions by connecting you to their wide array private and institutional lender partners.

Foundry focuses on the economics and development strategies which will provide the required capital and financial support which frees up the clients time to focus on the task of building and developing out the project on time and on budget. Murray and the entire Foundry team accomplish this by building detailed cash flows and development analysis which work in conjunction with the architectural, engineering and general contracting partners associated in the process.

  • Do you have a cash-flowing asset? From pension funds to life insurance companies, banks, credit unions and CMBS providers, Foundry Mortgage Capital has relationships with hundreds of term debt providers. We can provide you with commercial mortgage capital at the best rates, longest amortization periods, and lowest break fees, depending on your unique needs.

  • Are you in pre-construction? Whether you are going through a re-zoning or you’ve just completed construction and you’re stabilizing cash flow, Foundry Mortgage Capital has access to the right bridge loan provider for your commercial mortgage capital. Whether it’s two weeks or two years, Foundry can help provide the capital to keep your project moving forward.

  • From $2 million to $200 million, Foundry Mortgage Capital has access to the right lending partner for your project—whether it be a 400-unit condo project, a shopping centre, a retirement home, or a hotel, Foundry works to tailor the capital stack that best meets your needs. We will syndicate loans with the banks or negotiate inter-lender agreements between senior and junior debt.

  • We are a direct CMHC correspondent meaning Foundry Mortgage Capital submits insurance requests directly to CMHC and obtains the insurance certificate on the borrowers behalf. Because we control the insurance certificate, we are able to negotiate the lowest interest rate for our clients.

  • Foundry Mortgage Capital has forged strong relationships with mezzanine financing providers, including several sources on an exclusive basis. With our mezzanine partners we have been able to fund up to 94% of hard and soft costs on condominium construction projects, and 100% of costs on rental projects.

  • Foundry Mortgage Capital can provide the right financing solutions for your needs in order to improve your cash flow and payment flexibility.Are you considering purchasing your own industrial or office building for your company? Foundry Mortgage Capital is able to obtain up to 120% Loan-To-Value term loans for your building. Why pay rent when you can build equity in an asset…?

  • The principals at Foundry Mortgage Capital have a long history of financing both construction and term debt for retirement homes in Canada. We intimately understand the unique challenges of getting retirement homes financed, and we’re able to quickly assess the best way for you to obtain commercial mortgage capital.

Services

Have a commercial project to discuss or questions about Foundry?

We would love to hear from you!

At Andrew Galea Mortgage, we specialize in all things residential. Our expertise is in helping you to achieve your home ownership dreams, maximize your cash flow every month and understand your equity and how to leverage it to grow your wealth.

But, when it comes larger properties - including everything from apartment or office buildings to retail centres and even long term/heath care facilities, commercial lending is necessary. Because larger commercial buildings will be used for business purposes, the qualification process is quite different than that in the residential space. In most cases it is not just the value of the physical building that is considered, but also the revenue generating potential of the business or businesses it will house.

This is where our partner Murray Wood and his brokerage Foundry Mortgage Capital come in. In the post-pandemic world, we have seen an uptick in our clients looking to leverage the equity in their homes to grow their wealth in real estate than ever before. And while there are opportunities to invest and grow in the residential space, there is increasing interest in investing in larger and often more lucrative properties!

Learn more about Foundry’s services offered, and if you have questions about how to leverage your equity to begin investing or have a commercial project in mind, drop us a note below!

Why commercial?