Securing Funding for Mortgage Restructuring

Loan Priority

1st Mortgage

Loan Amount


Loan to Value (LTV)


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.


Wasaga Beach, ON