Residential Land Development

Residential land development

Loan Priority

1st & 2nd Mortgage

Loan Amount


Loan to Value (LTV)


Loan Purpose

A 1st mortgage was provided for the acquisition of a 20-acre vacant parcel of land, which will be redeveloped for residential dwellings. We provided a loan close to the full acquisition price. Additional security was taken on a 40-lot draft plan approved property in Thorold and our loan will be paid down through the sale of these lots.


Fort Erie, ON