Funding Land Development and Construction Kickstart

Loan Priority

1st Mortgage

Loan Amount

$605,000

Loan to Value (LTV)

55%

Loan Purpose

Borrower required funds to obtain approvals in order to re-zone the site to allow for a townhouse development. The borrower will either use funds from the sale of the property to pay off the loan, or refinance with a financial institution to begin construction on the properties.

Location

Aurora, ON