Acquisition Financing and Renovation Facility
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…
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…
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.…
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…
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…