Refinance for Maturing Second Mortgage
Loan Priority
2nd Mortgage
Loan Amount
$3,300,000
Loan to Value (LTV)
64%
Loan Purpose
The borrowers required immediate funds to pay off a maturing second mortgage. We structured a refinancing solution that not only covered the outstanding mortgage but also provided the necessary bridge financing to give the borrowers the time and flexibility required to complete the planned sale of the property.
Location
North York, ON