Multi-residential Improvements

multi-residential mortgage

Loan Priority

1st Mortgage

Loan Amount

$2,880,000

Loan to Value (LTV)

16%

Loan Purpose

1st mortgage was provided for the purchase of a 6-storey, 24-unit multi-residential building. The property requires improvements to a number of vacant units, but once renovated and leased, the value of the property will be substantially improved and refinanceable.

Location

Brantford, ON