Capital to Complete Construction
Loan Priority
2nd Mortgage
Loan Amount
$2,300,000
Loan to Value (LTV)
65%
Loan Purpose
The borrowers were in the final stretch of building this investment home and needed funds to complete the interior finishes. We stepped in with an equity take-out solution, giving them the capital needed to complete the punch list. With the finishing touches underway, the home is set to hit the market upon completion.
Location
King City, ON