A Not-for-profit Transformation
Loan Priority
1st Mortgage
Loan Amount
$2,000,000
Loan to Value (LTV)
50%
Loan Purpose
Hillmount provided a land loan while the borrowers, a not-for-profit organization, are completing upgrades to the property. In order to obtain the full amount of funds needed for the upgrades, Hillmount Capital received collateral on additional properties.
Location
Toronto, ON