Financing Property with Reliable Long-Term Lease

Loan Priority

1st Mortgage

Loan Amount

$420,000

Loan to Value (LTV)

65%

Loan Purpose

Borrower required funds to purchase the property, which is currently leased out to a long-term tenant. Once the borrower can show sufficient financial statements from the earned rent associated with the property, they will refinance with a financial institution.

Location

Barrie, ON