Multi-residential Improvements
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