Loan Mortgage Application Form
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4LOAN / MORTGAGE APPLICATION
TORONTO UNITED CHURCH COUNCIL
CONGREGATION OR MISSION UNIT
Name:
Address:
Phone:
ORIGINATION FEE
A non-refundable origination fee will be made at the time the loan application is
presented. The origination fee for loans under $10,000 is $150, the fee for loans
between $10,001 and $50,000 is $250, and for loans over $50,001 the fee is 0.5% of the
loan request with a minimum of $500. The purposes of the fee is to offset the direct
costs of TUCC pertaining to the administration and accounting of your loan at the time of
application and during the first term (including but not limited to staff time and travel,
audit fees, office costs, and Board expenses).
Cheque payable to Toronto United Church Council is enclosed:
CAPITAL PROJECT TYPE
Capital Repairs / Renovation
Health & Safety Retrofit
Accessibility Retrofit
Environmental Sustainability Retrofit
New Construction
Property Acquisition
Other (specify):
FINANCING
Amount required:
$
Repayment period:
3 years
(maximum for under $10,000)
5 years
(maximum for $10,001 to $25,000)
10 years
(maximum for $25,001 to $50,000)
15 years
(maximum for $50,001 to $100,000)
25 years
(maximum for over $100,001)
Special financing requirements: (If this is a bridge loan and/or a loan for which
you are requesting special considerations, describe the arrangements you seek.)
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