Flexible Financing to Complete Construction
- Home
- Transactions
- 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
