For Brokers
If you are a mortgage broker looking to partner with Hera Investment Funds, learn how you can submit a deal to us, understand our mortgage terms, and utilize our calculators to assess potential investment opportunities.
Submit a deal
Brokers can submit their deals directly to Hera by emailing the following preliminary documents to [email protected]
- Mortgage Application
- Credit Bureau
- Appraisal Report
- Any available income documents.
Our Differentiators
Our service standard stipulates a 24 hour response from us as to Hera’s interest to pursue a deal further. Once we have communicated our interest, we might ask for further documentation. We issue commitment letters within 24 hours of accepting an application.
- Competitive Rates
- Fast YES or NO
- We will collect your broker fees from the proceeds and forward you a cheque
- Common sense approach to underwriting
Mortgage Terms
- Hera issues 13 month term mortgages with the possibility of renewal on month 12.
- Our mortgages are primarily OPEN with no pre-payment penalties.
- We focus on the safety of capital and ensure that we only lend to clients with a clear plan for full repayment of the principal upon maturity.
- Hera’s mortgages are Interest Only and not amortized.
Occasionally we withhold payment for the full term of the mortgage.
Lending Criteria
Region
Major metropolitan areas in British Columbia
Property Type
Residential, Commercial
Borrower Type
Individuals, Corporations
Term
3-13 months open
Mortgage Type
First & Second Mortgage
Loan to Value (LTV)
Up to 85%