Completing a Residential Build
Loan Priority
1st Mortgage
Loan Amount
$7,000,000
Loan to Value (LTV)
60%
Loan Purpose
The borrower needed funding to complete an ongoing residential construction intended for sale upon completion. To meet the project’s diverse needs, we structured the loan into multiple facilities, including a land facility, a hard-cost facility, and an interest reserve facility.
Location
London, ON