Lender History:
RiverRock Mortgage Investment Corporation (RiverRock MIC) is a Toronto-based mortgage investment company. The company primarily focuses on urban and suburban Ontario residential properties and caters to clients who may not qualify for traditional loans due to factors like poor credit or self-declared income.
RiverRock MIC prides itself on its flexible lending approach, often stepping in when other lenders decline due to non-real estate factors. The company's experience in mortgage underwriting, risk management, and administration helps it navigate complex deals, emphasizing marketable real estate
Lender Key Strengths
Riverrock MIC offers flexible financing solutions as a private lender, with a Self-Declared Income Program designed for borrowers who may have unconventional income sources. Their prepaid options and open-term availability provide borrowers with added flexibility, making payments manageable and adaptable to individual needs. Riverrock MIC also supports clients with bankruptcy or consumer proposal payoffs, helping them rebuild and move forward financially.
Factors to consider:
Where does RiverRock lend? Riverrock lends in Ontario, and one of the few lenders who have increased interest in the Ottawa-Kingston corridor.
What influences rate offerings? Among other standard rate factors like for other lenders, they also have staggered rate offerings based on LTV and credit score.
Contact Information and Links for RiverRock MIC:
Head Office Location:
200 Bay Street, Suite 3120
Toronto, Ontario
M5J 2J1
