Structured Lending for Divorce Settlement and Refinancing Goals

Loan Priority

1st Mortgage

Loan Amount

$2,015,000

Loan to Value (LTV)

61%

Loan Purpose

Borrower required funds to pay out a divorce settlement agreement and to pay off existing mortgages that would remove the former spouse from the title agreements. Leveraging the borrower’s additional properties, Hillmount Capital successfully structured a new loan. The borrower will use the proceeds from the sale of additional properties to partially pay off the new loan and will refinance with a financial institution.

Location

Muskoka, ON