Refinancing and Corporate Workout

Loan Priority

1st Mortgage

Loan Amount

$4,500,000

Loan to Value (LTV)

50%

Loan Purpose

Borrower required an equity take out to pay off existing mortgages and to stabilize income in their operating companies. In order to obtain the full amount of funds needed, Hillmount Capital received collateral on four properties total in Caledon, Orangeville, and the Georgian Bay area. The borrower will either refinance with a financial institution, or they will sell some of their properties to pay out the loan.

Location

Caledon, ON