Retail Plaza Refinance & Renovate

Loan Priority

1st Mortgage

Loan Amount

$4,100,000

Loan to Value (LTV)

33%

Loan Purpose

The self-employed borrower was seeking funds to refinance the property, cover carrying costs, and complete necessary renovations. The property required updates and income stabilization, but we were able to move quickly thanks to the borrower’s strong collateral. Once the property is leased and the income is stabilized, the loan will be refinanced through a traditional financial institution.

Location

Collingwood, ON