Frequently Asked Questions

A loan from a non-bank lender like a MIC. Flexible terms and faster approvals when traditional banks decline.

Initial decisions in as little as 24 hours. Close in as little as 24 hours.

Yes. We evaluate each application individually, focusing on property value and your situation.

We serve Ontario province-wide, including the GTA, Hamilton, Ottawa, and beyond. All deals are evaluated on a case-by-case basis.

Our streamlined approval process typically takes as little as 24 hours for initial decisions. Once approved, we can close deals in as little as 24 hours, depending on the complexity of the transaction and completion of due diligence requirements.

We finance residential properties including single-family homes, multi-family residences, custom home construction projects, and development properties across the GTA and Ontario. Each application is evaluated on a case-by-case basis with flexible underwriting criteria.

We offer LTV ratios up to 75% on residential first mortgages (case by case). Construction projects: up to 65% of end value. Second mortgage LTV varies by property and risk profile.

Typically, you'll need: property details and appraisal, proof of income, credit report, identification, and any relevant property purchase agreements or construction plans. Our team will provide a complete checklist when you begin your application.

Yes. We offer construction financing for custom home builds, renovations, and development projects. Our draw system includes 3-5 draws per project. Our in-house inspectors can be on-site within 24 hours, and funds are advanced to the borrower's account within 24 hours of inspection. To apply, you'll need: an appraisal (as-is and as-if completed), all building permits, your builder's portfolio, a detailed construction budget, and a completed mortgage application.

A Mortgage Investment Corporation (MIC) is a Canadian investment vehicle that pools capital from investors to fund residential and commercial mortgages. MICs are regulated under the Income Tax Act and offer investors asset-backed returns through mortgage interest income. Richview Capital MIC focuses on residential mortgages and construction financing across Ontario.

Target rate of return is 7-8% annually, paid through quarterly distributions from mortgage interest income.

Yes. Eligible for RRSP, RRIF, TFSA, LIRA, RESP, and LIF. Fees apply for registered and self-directed accounts. No fees on non-registered (cash) accounts.

$100,000 minimum. $10.00 per share. Minimum 2-year hold, quarterly liquidity thereafter.

All mortgages secured by real estate at max 75% LTV. Minimum 600 credit score on all borrowers. Portfolio diversified across the GTA. Annual audited financials.

Quarterly by direct deposit: March 30, June 30, September 30, December 31.

Same-day feedback on all complete submissions. Close in as little as 24-48 hours with a full application and appraisal.

Up to 75% LTV on residential first mortgages (case by case). Second mortgages up to 75% LTV. Construction loans up to 65% of end value. Commercial up to 75% LTV.

Yes, we offer competitive broker compensation. Contact our team directly to discuss our fee structure and commission arrangements. We value our broker partnerships and ensure fair compensation for your referrals.

Yes, we fund mortgages across Ontario, not just in the GTA. While we focus primarily on the Greater Toronto Area, we have extensive experience with properties throughout Southern Ontario and select markets province-wide. Contact us to discuss your specific location.

Minimum credit score is 600. We also review and confirm debt serviceability on every application. Each file is evaluated case by case.

Simply submit your first deal, or contact us directly to introduce yourself and your brokerage. We welcome new broker relationships and will provide you with all necessary submission guidelines, rate sheets, and contact information to get started.