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Read more about the article Acquisition Financing and Renovation Facility

Acquisition Financing and Renovation Facility

  • Post published:March 1, 2023
  • Post category:Transactions

The Situation: Borrower required purchase financing to acquire a low-rise six-plex. Of the six units, only five units were tenanted, at well below market rents. Two existing tenants had given notice…

Continue ReadingAcquisition Financing and Renovation Facility
Read more about the article Financing a 24-unit Multi-residential Property

Financing a 24-unit Multi-residential Property

  • Post published:March 1, 2021
  • Post category:Transactions

The Situation: Borrower required financing to purchase a 24-unit multi-residential property on a tight timeline Borrower required a loan for 80% of the purchase price, which was above market value.…

Continue ReadingFinancing a 24-unit Multi-residential Property
Read more about the article 1st Mortgage – 6000+ Custom Home

1st Mortgage – 6000+ Custom Home

  • Post published:November 13, 2020
  • Post category:Transactions

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…

Continue Reading1st Mortgage – 6000+ Custom Home
Read more about the article Second Mortgage – 11 Properties

Second Mortgage – 11 Properties

  • Post published:August 11, 2020
  • Post category:Transactions

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…

Continue ReadingSecond Mortgage – 11 Properties
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