1st Mortgage & Mezzanine Loan

4-storey condo land development

Loan Priority

1st Mortgage & Mezzanine Loan

Loan Amount


Loan to Value (LTV)


Loan Purpose

Borrower was looking to purchase the land to develop a 4-storey, 26,000SF condo with underground parking. The going-in value of the property resulted in a higher ratio land loan, with the added risk of completing the approvals for the proposed condo.


Toronto, ON