Residential Bridge Loan With Collateral

Residential bridge loan

Loan Priority

1st Mortgage

Loan Amount

$2,460,000

Loan to Value (LTV)

62%

Loan Purpose

The borrowers required a bridge loan to facilitate the purchase of a new single-family home. They required 100% of the purchase price plus closing costs for 3 to 6 months. They had additional collateral available that was co-owned with other family members.

Location

Toronto, ON