Land Value Loan
Loan Priority
2nd Mortgage
Loan Amount
$500,000
Loan to Value (LTV)
52%
Loan Purpose
Borrower requested an equity take out on their 2-storey, single family dwelling that is currently under construction. To provide the borrower with the funds needed, Hillmount capital funded based on 52% LTV of the land. Once the construction is complete, the house will become the borrower’s primary residence.
Location
Toronto, ON