Funding Residential Construction for a Returning Client

Loan Priority

2nd Mortgage

Loan Amount

$1,010,750

Loan to Value (LTV)

65%

Loan Purpose

Borrower, who was a previous client, required a second mortgage to complete the construction of a new single-family home which upon completion, will become their primary residence. Upon the completion of the project, the borrower will refinance our loan with a financial institution.

Location

Toronto, ON