Fast Funding for Investment Multi-Tenanted Property

Loan Priority

1st Mortgage

Loan Amount

$1,000,000

Loan to Value (LTV)

50%

Loan Purpose

Borrower required funds on an urgent basis to close on a multi-tenanted investment property, as they were at risk of losing the property and their deposit due to bank financing falling through at the last minute. Hillmount Capital was able to issue a commitment the same day to extend the deal, and we were ready to close within three business days of receiving the deal. Once the borrower can show sufficient financial history in operating the site they will refinance with a financial institution.

Location

Lindsay, ON