Lanyard Financial Corporation

Lanyard Financial Corporation is a Canadian private mortgage lender founded in 1999, specializing in short-term financing for clients unable to obtain conventional bank financing. The company offers interest-only loans with a term of one year, extendible for one additional year at the option of the borrower. In the Residential Lending Program, Lanyard provides jumbo mortgages ranging from $750,000 to $5 million, catering to clients with large mortgage needs outside traditional bank lending guidelines. The program offers non-income qualified, non-resident, and bridge financing, allowing second mortgages and registration to corporate borrowers and family trusts. For Commercial Lending Program, the company extends mortgage offers from $1 million to $20 million covering retail, office, multi-family, bare land, and industrial properties, as well as residential condo inventory. Both residential and commercial loans offer flexible repayment privileges. Although no recent investment information is available, Lanyard Financial Corporation continues to serve the financial needs of clients in Ontario, British Columbia, Alberta, Saskatchewan, and Manitoba. For potential investment opportunities or partnerships, it would be beneficial for VCs to explore this firm's role in addressing the evolving needs of the Canadian mortgage market.