Home with Land Severance
Loan Priority
2nd Mortgage
Loan Amount
$345,000
Loan to Value (LTV)
72%
Loan Purpose
Loan was provided for the refinancing of a heritage property. The Hillmount Capital solution allowed the borrower to buy out the trustee and sever and restructure the land. After the sale, the borrower was able to refinance the home with a financial institution.
Location
Brampton, ON