Residential Project
Loan Priority
2nd Mortgage
Loan Amount
$1,228,335
Loan to Value (LTV)
66%
Loan Purpose
The borrower, an experienced builder, required financing to complete the construction of an exciting new residential project—a proposed 4,716 sq. ft., two-story detached home. Funds will be advanced on a cost-to-complete basis as the project progresses. The property is intended for sale upon completion.
Location
North York, ON