Funding a Home Purchase Amidst Divorce and Financial Difficulties

Loan Priority

1st Mortgage

Loan Amount

$2,200,000

Loan to Value (LTV)

54%

Loan Purpose

Borrower required funds to quickly purchase a home for their child, whose money was tied up in a marital dispute. Hillmount Capital facilitated this deal by securing additional collateral, including the borrower’s mixed-use property and primary residence. The borrowers will refinance with a reverse mortgage on the newly purchased home.

Location

Etobicoke, ON