INVESTING WITH UNION LENDING™

The borrowers operate an automation business. Growth was substantial leading up to the Covid-19 pandemic, but the downturn in the economy negatively impacted their business. While the business was able to survive and continue to grow, the company accumulated approximately $1.4 million in debt owing to CRA. The business did not have the cash on hand to make this payment in its entirety, so they sought financing. Union Lending Corporation was able to obtain $1 million at a 13% per annum return for our investors. The loan consisted of a 6-month interest guarantee, and interest only payments, with the principal being repaid in full at maturity. Security consisted of 4 personal residences that was supplemented by various other personal assets.

The borrower operated a brewery in Edmonton. Like many businesses, they found themselves with dramatically reduced revenue once the pandemic struck. This consequently caused them to fall behind on several of their payments. Union Lending Corporation was able to secure financing for them to help supplement the amounts owing to various entities. The loan consisted of $900,000 at 13.5% per annum prepaid interest to the investors.

The borrowers are a pair of business partners in Calgary who were looking to purchase a new investment property. The property is located near the junction of HWY 1 and HWY 22 west of Calgary. This is prime vacation estate, hobby farm, and acreage land for Calgarians wanting to get away from city life in a quick and convenient manner. Union Lending Corporation was able to secure a one year loan for $1,365,000 at 13% per annum interest for our investors. The security for the loan ​was a first position mortgage on the investment property that was also registered on the borrowers’ two primary residences.

The borrower operates a large cattle feeding operation. While the feed lot was profitable in previous years, the borrower’s business practices became outdated as new feeding equipment became available, leading to diminished profits. A consultant was brought on board to overhaul the business and Union Lending Corporation provided bridge financing to allow the operation to continue. Union Lending Corporation was able to provide $9 million of bridge funding at 13% interest for our investors using a combination of deeded land, grazing leases, and cattle as security.

The Borrower, an owner of multiple fitness facilities in Edmonton and Calgary, came to Union Lending Corporation seeking refinancing for his business. Union Lending Corporation was able to quickly obtain $850,000 at 13.5% per annum and a 12 month term. Security for the loan included a second mortgage over 5 parcels of farmland in Lamont County at a high LTV.

The Borrower, an owner of a hotel in Williams Lake, British Columbia, was seeking refinancing of an existing private loan secured by the hotel. The Borrower had good cash flows and currently holds a contract with BC Housing. After one year, it is expected that the Borrower will be able to obtain bank refinancing. Using the hotel and the Borrower’s primary residence as security, Union Lending Corporation was able to source $2,400,000 at a rate of 13% per annum and 51% overall LTV.

The Borrower, an owner of an established HVAC company, required a business loan to purchase equipment in order to develop an electrical generation system using waste methane gas from oil well sites. Union Lending Corporation sourced the necessary financing of $515,000 at a rate of 13% per annum. Security was a second mortgage against the Borrower’s industrial land and building at 78% LTV.