CO-OP's & CO-OWNERSHIPS

FINANCING PROGRAM

Criteria

• The complex management may have to complete a questionnaire and return it to us with a copy of their most recent Financial Statement.
• Citizens Bank Solicitor must approve the Co-Ops or Co-ownership's Financial Statements.
• When making an Offer to Purchase, please allow a minimum of 5 business days to arrange financing.
• The applicants must have a minimum down payment of 35%
• Applicants must take a term of no less than 3 years.
• Minimum loan amount is $50,000.00
• All units must be owner occupied-No Rentals.
• Applicant's must use one of three Lawyer listed below to register the loan. Please note, applicants are to arrange cost of legal fees directly with solicitor.

Mr. Martin K.I. Rumack

2 St. Clair Ave East. Suite 202

Toronto, Ontario, M4T 2T5

TEL: (416) 961-3441 FAX: (416) 961-1045

Mr. David Alexandor, Q.C.

ALEXANDOR & ASSOCIATES

90 Eglinton Ave East. Suite 420

Toronto, Ontario, M4P 2Y3

TEL: (416) 483-8600 FAX: (416) 483-2737

Mr. David Bresver

BRESVER, GROSSMAN, SCHEININGER & CHAPMAN

390 Bay Street, Suite 2900

Toronto, Ontario, M4H 2Y2

TEL: (416) 869-0366 FAX. (416) 869-0321

Militsa Fiuza

Mortgage Development Manager

Citizens Bank of Canada

Cell: 416-568-0353

Fax: 416-444-5680