Commercial/Land Development

Plan of subdivision

Loan Priority

2nd Mortgage

Loan Amount


Loan to Value (LTV)


Loan Purpose

Borrower owns a large parcel of land, and is going through the process of amending the zoning by-law and official plan to develop more than 800 residential dwellings. In order to obtain approvals, they were required to buy an adjoining property as part of the development. The borrower required funding for the land purchase and for ongoing development costs.


Stouffville, ON