Stepping in when Conventional Financing Fails

Loan Priority

1st Mortgage

Loan Amount

$800,000

Loan to Value (LTV)

39%

Loan Purpose

The borrower needed a quick closing to purchase a property after conventional financing fell through. We proceeded with only verbal confirmations of the appraisal and environmental report, which were provided two weeks after closing. Our flexibility based on our experience allowed us to fund this project.

Location

Toronto, ON