Creative Financing Fuels Home Completion

Construction Mortgage

Loan Priority

1st Mortgage

Loan Amount

$4,030,000

Loan to Value (LTV)

57%

Loan Purpose

The borrower, a self-employed contractor, required funding to complete the construction of a home which had stalled due to lack of funding from the prior lender. We provided an equity take-out solution across multiple properties, utilizing funding facilities to ensure the project’s completion. Upon completion, the home will be either sold or refinanced.

Location

Mississauga, ON