Commercial Refinance

Commercial Refinance

Loan Priority

1st Mortgage

Loan Amount

$1,000,000

Loan to Value (LTV)

48%

Loan Purpose

The property is currently leased to a single tenant at well below market rents, maturing in 2023. We provided a loan to refinance the existing mortgage and for equity take-out purposes. The borrower intends to refinance when the property is leased at current market rents and positive cash flow is demonstrable.

Location

Brampton, ON