Flexible Financing to Complete Construction

Loan Priority

2nd Mortgage

Loan Amount

$724,000

Loan to Value (LTV)

65%

Loan Purpose

The borrower, a self-employed business owner, required additional funds to complete the stalled construction of their new home. We provided flexible second mortgage financing on a cost-to-complete basis to keep progress on track, without delays. Once complete, the property will become their personal residence and will be refinanced with a traditional financial institution.

Location

Oakville, ON