New Home Construction Stalled
Loan Priority
1st Mortgage
Loan Amount
$1,690,000
Loan to Value (LTV)
65%
Loan Purpose
The borrower required funds to complete the stalled construction of their new home. We provided an equity take-out financing solution, giving them the flexibility needed to manage construction timelines and bring their dream home to life. Once construction is finished, the borrower plans to refinance through a traditional financial institution.
Location
Waterloo, ON