Refinancing for Land Assembly
- Home
- Transactions
- Refinancing for Land Assembly

Loan Priority
1st Mortgage
Loan Amount
$3,800,000
Loan to Value (LTV)
62%
Loan Purpose
Borrower required funds to refinance the mortgages on three side-by-side parcels of land with existing homes. The borrower is in the process of submitting a development proposal in order to increase the density of the site. Once the proposal is approved, the borrower will either develop the site, or sell the property to pay off the loan.
Location
Newmarket, ON