Our Team’s Lending Solutions Are Highly Tailored and Our Complex Loan Structuring Goes Beyond Mainstream Solutions

We recognize that credit solutions may not fit into a specific category such as commercial or corporate or personal type financing.  Our role is to navigate BMO Financial Group and construct credit solutions that make sense for you.

 

 

In addition to providing traditional lending services we provide you with access to specialized lending to various entities that may include:

 

  • Financing through personal holding companies
  • Personal financing linked to Commercial financing and Commercial account management
  • Expertise to accommodate or to refer to BMO US requests for large specialty loan products in Canadian or US dollars
  • Business financing for you and your companies, including commercial real estate financing
  • Specialty loan services, including:
    • Collateralization of investment management accounts
    • Large investment loans
    • Single Asset Concentration
    • Collectibles such as Art
    • Marine vessels
    • Aircraft
    • Other homes and Vacation properties

Leveraged Life Insurance Program

Working with life insurance advisors and high-end wealth planners across the country, we can use life insurance to protect your ultra-high net worth family and provide credit structures around your policies. Leveraged life insurance works particularly well if you are moving to other jurisdictions. The funds are disbursed into an insurance trust to be taken out to fund your new property in Italy or your summer villa rental in Spain, to inject cash into your business, or to cover a major home renovation.

 

Your whole life insurance policy (also known as permanent life insurance) could be your conduit to liquidity:

 

  • You can use the cash surrender value (CSV) as leverage – that is, the amount that would be left over after you pay any applicable fees when you cancel your permanent life insurance policy or annuity.
  • Through our Leveraged Life Insurance Program, BMO Private Wealth will lend you up to 100% of your cash surrender value.
  • You can borrow on behalf of yourself, your company, your holding company, or your partnership.

 

In addition, you may be able to receive your loan proceeds tax-free. The interest on your loan interest may be tax-deductible if you use the loan proceeds to generate income from your business or property. Also, a portion of your insurance costs may be deductible, based on the premium paid or the net cost of your whole life insurance, whichever is lower.

Note that there are some conditions for the loan repayment. You may have to make interest or capital payments on the outstanding balance.