Private & Hard-Money Lending in Ottawa, ON

private & hard-money lending in Ottawa prices off the Government of Canada 5-year benchmark bond yield plus a 700 bps private & hard-money lending spread, landing at 10.15% indicative. Asset-backed debt priced for speed, story, and short duration. On the $5,200,000 average Ottawa transaction, a 65% advance is $3,380,000, carrying $372,867 of annual debt service on a 0-year amortization and a 1-year term.

Coverage binds before leverage here. At a mid-band 5.6% cap rate the asset throws off roughly $291,200 of NOI, which supports $2,639,701 at the 1.00x floor — about $740,299 below the 65% LTV ceiling. Underwrite to the coverage number and treat the LTV cap as a secondary test, or bring the gap in equity.

Ottawa scores 100 on the Capitalor Lender Density Score — a deep market, with 57 tracked lenders and brokers against 19,800 commercial buildings. Expect competitive tension on well-covenanted paper: quote at least three lenders before accepting a spread.

Stress the file before a lender does. Holding the $3,380,000 loan constant, coverage falls to the 1.00x floor at roughly 7.17% — 0.00% of headroom above today's indicative rate. That headroom, not the headline rate, is what determines whether this Ottawa deal survives renewal.