Securing Funding for Mortgage Restructuring
- Home
- Transactions
- Securing Funding for Mortgage Restructuring

Loan Priority
1st Mortgage
Loan Amount
$2,280,000
Loan to Value (LTV)
60%
Loan Purpose
Borrower requested funds to payout the existing vendor take-back mortgage. The property consists of a 1.32-acre waterfront property with five small cottages and one larger cottage, with a private 2nd mortgage that will be postponing. Once the borrower’s credit improves and they are able to prove a higher income, they will refinance.
Location
Wasaga Beach, ON