Land Development 40-lot Subdivision
Loan Priority
2nd Mortgage
Loan Amount
$500,000
Loan to Value (LTV)
16%
Loan Purpose
1st mortgage provided to complete the site preparation for a 40-lot subdivision near Niagara Falls. The property is draft plan approved and upon the completion of servicing the lots will be sold and the loan will be paid down.
Location
Thorold, ON