Customized Mortgage Refinancing Solution

Loan Priority

1st Mortgage

Loan Amount

$990,000

Loan to Value (LTV)

60%

Loan Purpose

The self-employed borrower needed funds to refinance an existing first mortgage and consolidate debts. Traditional financing options did not provide the flexibility needed to address both objectives under one solution. We structured a customized mortgage solution secured by two owner-occupied residential properties. The financing also incorporated a sale provision, allowing the proceeds from the sale of the borrower’s property to reduce the outstanding loan and support the repayment strategy.

Location

York, ON