FAQ
Frequently asked questions.
Everything you need to know about private financing at CBA inc: timelines, documents, terms, LTV, and draws.
How long does approval take?
Pre-approval is obtained within 24 business hours. Final decisions are made in-house, under one roof, which speeds up the entire process.
What documents are required?
Required documents depend on the project, but generally include information about the property, purchase price, renovation budget, after-repair value, and down payment. We keep requirements simple to make the process clear.
Does CBA lend across all of Quebec?
Yes, our financing products are available throughout the province of Quebec.
What is LTV?
LTV, or loan-to-value ratio, compares the loan amount to the property's value. Our maximum LTV is 75%, meaning we finance up to 75% of the project's after-repair value.
What's the difference between pre-approval and a full application?
Pre-approval is a fast step (24 hrs) that confirms your eligibility in principle and can include a proof-of-funds letter. A full application triggers a detailed analysis of your project and the financing itself.
How do renovation draws work?
Funds are released in stages based on progress of the work. After a draw request and a virtual inspection (photos and videos), funds are disbursed within 1 to 2 business days.
Do I need to own a company to borrow?
No. We lend to both individuals and companies.
What are your interest rates?
Our interest rates start at 15%. The exact rate depends on the project, the loan-to-value ratio, and the borrower's profile.
What is the minimum loan amount?
The minimum loan is $100,000.
What types of properties do you finance?
We finance most residential investment properties: single-family homes, duplexes, triplexes, and buildings with 4+ units. Other property types are assessed on a case-by-case basis.
Are extensions possible?
Yes, extensions can be granted on a case-by-case basis, subject to underwriting team approval and applicable fees.
Ready to turn your vision into value?
Start your application today — pre-approval in 24 business hours.