Completing a Family Home
- Home
- Transactions
- Completing a Family Home
Loan Priority
2nd Mortgage
Loan Amount
$1,305,000
Loan to Value (LTV)
62%
Loan Purpose
The borrowers ran out of funds midway through the construction of their new family home and needed a solution to keep the project on track. We stepped in promptly, arranging a construction facility to cover the remaining hard costs, along with an interest reserve to support the project through completion. Upon finishing construction, the borrowers plan to refinance with a financial institution.
Location
Oakville, ON
