Refinancing for Land Assembly

Loan Priority

1st Mortgage

Loan Amount


Loan to Value (LTV)


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.


Newmarket, ON