Our own capital. Our own decisions.
Private real estate lending across Canada, with a focus on Quebec and Ontario.
ABOUT
A family office that lends.
Rover Lending is the lending arm of the Sheiner Group, a family enterprise with more than a century in Canadian real estate. We own and operate property, and that depth of expertise allows us to work alongside our borrowers toward the success of their projects. We lend across Canada, with the deepest familiarity in Quebec and Ontario, and selectively in the United States.
WHY ROVER
Direct lending, direct decisions
We are direct lenders. Every file is reviewed by the decision-makers themselves, without delays passing between intermediaries.
Our own capital
We lend from our own balance sheet. Decisions are made quickly by the people who own the outcome, with terms structured to the deal.
Appraisal waiver
On qualifying transactions, the third-party appraisal requirement can be waived, removing a cost and weeks from the timeline.
Creative financing for cash flow
Repayment can be structured so a property remains cash-flow positive through the term.
Up to 85% loan to value
Asset-based underwriting, with financing available up to 85% of value.
Partners in your success
Our background is in owning and operating real estate. That expertise works to the borrower's advantage, with an emphasis on relationships and continuity across projects.
WHAT WE FUND
Asset Types & Financing
Asset Types
Financing Types
Typical Parameters
- Multi-residential
- Condominiums
- Commercial
- Retail
- Industrial
- Mixed-use
- Seniors residences (RPA)
- Acquisition
- Refinancing and cash-out
- Bridge financing
- Value-add and renovation
- Partner buyout
Parameter
Value
Loan size
Typically $500,000 and above
Position
First mortgage, primarily
Loan to value
Up to 85%
Term
Typically twelve months
Geography
Canada, with a focus on Quebec and Ontario
Typical parameters, not fixed rules.
PROCESS
01
Submission
The property, the amount, and the plan. The application takes a few minutes.
02
Review
We assess the asset and the structure directly, and ask for what we need early.
03
Commitment
A commitment letter setting out the terms in full.
04
Funding
Documentation is completed and funds are advanced.
SELECTED TRANSACTIONS
Selected transactions
( MULTI-RESIDENTIAL ) · MONTREAL · $1.2M · ACQUISITION · 12 MONTHS · 4 WEEKS · 2024
( MIXED USE ) · TORONTO · $1.8M · VALUE-ADD · 12 MONTHS · 5 WEEKS · 2024
( INDUSTRIAL ) · QUEBEC · $2.5M · BRIDGE · 12 MONTHS · 3 WEEKS · 2024
A strategic acquisition of a high-density residential asset in the heart of Montreal, providing capital for a significant expansion of the portfolio.
Financing for a comprehensive renovation and value-add project in a mixed-use environment, focusing on long-term operational efficiency.
A bridge loan facility for an industrial property in Quebec, providing immediate capital to facilitate a successful acquisition and operational transition.
FOR BROKERS
We work with mortgage brokers.
We work with mortgage brokers, notaries, and other professionals who bring financing requirements to us on behalf of their clients.
Team
Leadership & Expertise
Lloyd Sheiner
President & Chief Executive Officer
Warren Budning
Vice President
Henri Kalfon
Analyst
Tell us about the deal.
If you have a property and a plan, we would like to hear about it. The application reaches us directly.