Leveraging Collateral for a Vacation Property

Loan Priority

1st Mortgage

Loan Amount


Loan to Value (LTV)


Loan Purpose

Borrower required funds to purchase the property, which will be used as a vacation home. Hillmount Capital received collateral on additional properties owned by the borrower to lower the loan to value to be in line with our lending guidelines. The borrower will discharge our mortgage from the sale of one of the aforementioned additional properties.


Kingston Area, ON