Construction with Collateral

Construction

Loan Priority

1st & 2nd Mortgage

Loan Amount

$1,400,000

Loan to Value (LTV)

61%

Loan Purpose

Loan provided to pay off the existing financing and provide a construction facility to complete renovations. We tagged 2 other properties to make the deal work due to the quick closing and higher LTV.

Location

Nobleton, Toronto, and Pefferlaw, ON