Seizing opportunities with a second mortgage

Loan Priority

2nd Mortgage

Loan Amount

$2,302,750

Loan to Value (LTV)

62%

Loan Purpose

Borrower was unable to acquire funding from a financial institution but is well-versed in residential construction. Hillmount Capital provided the borrower funds to finish construction on two adjacent, detached 2-storey homes. Upon completion, the properties will be sold.

Location

Toronto, ON