Funding Property Purchase for Business Expansion

Loan Priority

2nd Mortgage

Loan Amount

$1,500,000

Loan to Value (LTV)

35%

Loan Purpose

Borrower required an equity take-out against a commercial property to purchase a new property for another retail location. Once the borrower has sufficient financial statement history associated with the property, they will refinance with a financial institution.

Location

Brampton, ON