Construction with Collateral
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