Modern Home Renovation

Construction Mortgage

Loan Priority

1st Mortgage

Loan Amount

$4,800,000

Loan to Value (LTV)

60%

Loan Purpose

The borrower required refinancing to replace an existing lender that was unable to fund the remaining construction of their new primary residence. We structured a customized facility that refinanced the acquisition loan and provided additional capital to complete the project, including an interest reserve. The solution enabled the borrower to move forward without delay and maintain momentum on the construction of their executive home.

Location

Toronto, ON