New Construction Equity Takeout
Loan Priority
1st Mortgage
Loan Amount
$2,600,000
Loan to Value (LTV)
55%
Loan Purpose
The borrower was seeking to refinance an existing construction mortgage and access equity to replenish personal savings. They plan to sell their current residence to move into their stunning new primary home—an impressive home situated on a large, desirable lot.
Location
East Gwillimbury, ON