Retirement and Long-term Care Facility

2nd mortgage

Loan Priority

2nd Mortgage

Loan Amount

$750,000

Loan to Value (LTV)

22%

Loan Purpose

The borrower required a bridge loan for equity take out purposes; specifically, for working capital requirements pending the sale of the property as well as to pay off personal debts and taxes. The transaction needed to close within two weeks.

Location

St. Catharines, ON