Residential Funding for Seasonally Tenanted Bungalow

Loan Priority

1st Mortgage

Loan Amount


Loan to Value (LTV)


Loan Purpose

1st mortgage against a seasonally tenanted, 1,088 SF raised bungalow on a 114.90’ x 76’ lot, with additional collateral against 2 condominium units located in Toronto, ON. The client plans on listing one of the condominiums in the next 12 months and pay down the loan. They will then refinance the balance with a financial institution


Sauble Beach