COVID-19: Real Estate Update – January 19, 2021
With 2020 now behind us, we can take in the year that was in order to look at the year ahead. Hillmount Capital continues to confer with industry peers, as…
Looking for a Construction Loan?
Anyone with aspirations for building or renovating a home, whether for themselves or others, may need help financing their project. In many cases, financial institutions have become more difficult to…
COVID-19: Real Estate Update – November 18, 2020
The following update is based on our ongoing discussions with borrowers and industry peers, but we are ultimately taking direction from the government, financial regulators, and our stakeholders. Our observations…
1st Mortgage – 6000+ Custom Home
The Situation: The borrower was looking to tear down their existing home and construct a new 6,325 SF custom home. There was an existing 1st mortgage on the property which…
Hillmount Capital Provided CCAA Exit Financing to AgMedica
Hillmount Capital provided a 1st mortgage of $3,000,000 to AgMedica Bioscience Inc. and affiliated entities as part of the company’s CCAA exit plan. The financing was provided for the cannabis…
Second Mortgage – 11 Properties
The Situation: The borrower required funds for debt consolidation, tax arrears, and working capital for a business venture. The borrower owns 11 residential rental properties, all carried 1st mortgages with…