About Us

A great rate is just the beginning, a message from our CEO

As the finance industry consolidates and becomes less personal, we push ourselves to ignore convention, to set a standard that prioritizes people ahead of transactions.

At Lendmax, we take a thoughtful and common-sense approach to understanding every nuance of your financial needs. What you get is 25 years of collective experience in helping you with products that actually help. Too many lenders are focused on just investor returns which results in a poor relation with their clients. Lendmax prioritizes their connection with the borrower, because we understand life happens and we can help you get back on track.

Lendmax is a non-bank lender. This means, our investors are understanding of credit, income and your urgent needs. As a bank declined customer, you have access to first and second mortgages at highly competitive rates. You also get flexible payment and term options. We build the solution around you because no one family financial situation can be the exact same to the next. Our focus goes into planning a secure and reasonable exit strategy for you and our investor.

We keep our mortgages as competitive as possible. In fact, we check up on the competition regularly to ensure we are one of the lowest and easily achievable mortgage rate options in Canada. We do this, not just because we value your business, but also for our investors – We know borrowers that are looking for the best rates are finance conscious and will manage their money better, thus making better and safer borrowers.

We are not just first mortgages… Our HomeFlex Equity loans are designed to help you, whatever your needs. We simply loan against the equity of your home, regardless of income, credit or any other situation – Our objective is to help with that renovation, any lingering CRA taxes, a debt consolidation you are planning, whether is educations or tuition based needs, business capital or just an investment opportunity, we offer highly competitive and quick turn arounds to approve and fund you.

How do we we take the pain out of financing? Our goal has been to merge our technology with the ease of being able to access your equity. Our infusion of the same efforts reduces costs and improve the process with cutting-edge technology has only grown stronger.

What We Do

Lend Max capital is a Mortgage investment corporation focused on infusing technology with a borrower’s needs and helping our investors better identify opportunities with a consistent yield and safe returns. We prioritize the flow off origination by tapping into multiple mortgage market touch points, a well penetrated Network into the mortgage industry professionals, access to brokerages that help us identify suitable Borrowers, and using technology to determine serviceability and a long-term exit.

How We do It

We came into being to address a very basic need in the broker community, to understand deals and see past the complexity for each transaction and work with are investors and brokers to deliver meaningful solutions. This also means we strive to stay competitive while offering but well suited yield to our investors and ensuring their investments find a safe home.

Investor Relations

We invest in Canadian real state, with a measurable risk mitigation policy that guides us to higher returns and safer exits for every transaction. With 30+ years in combined real estate, mortgage, investments and mortgage administration, you can be sure your money is working harder for you here.

Broker Partner Relations

As a mortgage investment corporation in today’s market – We haven’t forgotten our roots from the brokerage world and this is what keeps us motivated. Our interest in the broker community to deliver results stems from being a consistently reliable mortgage lending partner. We have invested considerable efforts in delivering a quick application intake and even faster underwriting process using technology coupled with an extra set of eyes for do diligence which protects you and our investors. This only leads to a stronger relationship and a much higher funding ratio, and unlike other lenders we reward you for being a partner in success.

Management Team

Michael Squeo

Chief Executive Officer

Michelle Donaubauer

Director of Operations

Ankush Jaswal

Director of Technology

Kelly Mcbride

Director of Client care

Our Board of Directors

Rajesh Sharma

Board Member

Amitabh Chakrivarty

Board Member

Vickie Zemelman

Board Member

Jahanzaib Khalid

Board Member

Maya Molson

Board Member

Contact us

Lendmax Inc. is a licensed mortgage administrator for LMC MIC. FSRA 13002

6 Indell Ln, Brampton ON L6T3Y3

(416) 837-1414

[email protected]

LENDMAX INC. COMPLAINTS PROCESS

You can file a complaint with us and we will respond within 5 business days.

Via Mail: Lendmax Inc. 6 Indell Ln, Brampton ON L6T3Y3

Via Email: [email protected]

You can contact FSRA at [email protected]

and review their Complaint Guide here

Success in Action

Faster Review, Faster Commitment & Faster Funding

Andre Hollander

I submitted my deal on thursday and they funded on monday. doesnt get better than that. client was extremely happy and got an great rate

Max Armani

I requested a quote for a deal and received a reply in just a couple of hours. I funded that same deal 2 days later. I like their process, its fast and no nonsense. like no bank statements or corporate documents.

Kimberely Beuveau

Happy to see some lenders understand the concept of equity. We funded a deal in pickering at 80% when everyone else declined or low balled. funded pretty quick in about 5 days and rates were reasonable.

Samuel Akendule

Great work guys, thanks for your help in closing so quickly.. highly recommended!!

Aliya Habib

My clients refinance from a pvt 2nd was stuck with no renewal and most lenders declining the deal. I found a good solution here, they used my appraisal and offered a low rate to my client. Definitely use again.

Frequently Asked Questions

Quick Answers to most of your general questions

What provinces are you lending in?

At the moment in ON, we are lending on all our Prime+, Prime, Max and Flex upto 80% LTV (all 1st & 2nd mortgage options). For BC & AB, our first mortgage Prime+ is available upto 65% LTV and

How can I submit my deal?

We accept electronic deal submissions via Filogix & Finmo and via email: [email protected]. Please only submit your deals with a mortgage application, credit report and appraisal for review and pricing. Deals with out appraisals may not receive a prioritized response.

How long does it take to review a file?

Typically we can provide an answer and a pricing on the request within 2 hours after a full review. However we require an appraisal, credit report and application upfront to offer a clear pricing.

What property types do you lend on?

Our specialty is residential, while we do some small commercial for every deal our review requires an analysis of property marketability, days on market, adjusted exposure and exit strategy. With city/town population sizes > 50k or within 15 minutes of a larger city/town we can offer upto 80% LTV on all properties except condominium properties.

What's your max LTV on condos?

For condos, our max at the moment is 65% and we will offer upto 75% on exception where we look for the condo to be a configuration of more than a 1+ Den. We need the condo to be appealing to a larger audience than just investor buyers.

What is your best mortgage product?

We offer 80% LTV on First Mortgage deals that may not qualify with many other lenders on a private refinance or have credit concerns. Since we have no minimum credit requirement, we can be very competitive in a value offering for upto 80% LTV.

Do you charge any fees other than lender/rate?

As a mortgage lender, the only other fee we charge a non-refundable admin fee against each file that has been underwritten, and is ready to be or has been committed. Our admin fee is $1000 for 1st Mortgages and $500 for 2nd mortgages. This fee helps us stay efficient on mortgage requests from serious borrowers and brokers and covers any incidental fees towards legal under a failed transaction instructed to lawyers. There are no hidden fees in our commitment, a schedule A is available for review here.

What's the minimum & maximum mortgage amount?

Our mortgage approvals are offered under our Residential & Commercial regular program and jumbo mortgage program.

Min. Mortgage Amount $25,000 (Regular & Jumbo)

Max. Mortgage Amount $1,000,000 (Regular capped to 80%)

Max. Mortgage Amount $3,000,000 (Jumbo capped to 75%)

Do you offer a single charge mortgage upto 80%?

Our mortgage approvals upto 80% may originate from multiple fund sources with varying risk thresholds or geographical location restrictions. Most 80% approvals are offered as a 1st & 2nd Mortgage Bundles with 2 separate charges.

What is your legal fee?

Lendmax Capital uses a number of approved lawyers on our panel which range between $1,500 to $2,500 plus disbursements & HST priced according to the property value.

What's your renewal fee?

Funded mortgages may be eligible for renewals offered at a renewal rate and fee based on the current market rates and Lendmax Capital current offering. For mortgages that are not eligible for renewal, the borrower will receive a non-renewal notice 90 days prior to the maturity date.

What type of Hold-backs can you apply?

Our typical Hold-back would apply to a Prepaid 12 months, Prepaid 6 months, Property Taxes, Property Repair Condition,

How fast can you fund 1st & 2nd mortgages?

We can instruct a file within 2 hours from the time the File is marked Broker Complete. The funding for 1st mortgages may take upto 5 business days and 2nd mortgages may take upto 2 business days. Please check with the borrowers' lawyers to confirm if they can accommodate an expedited closing. Rush fees apply for mortgages funded under this timeline.

What's your underwriting process?

We rely heavily on our due diligence on the property and the appraisal report when offering an approval or pricing a deal. Credit is relevant however not a deciding factor for our approval. We work with clients under 500 and over 700 beacon scores and the rates vary very little. We look for a clean exit and debt serviceability on every mortgage opportunity.