Success in second mortgages

Loan Priority

2nd Mortgage

Loan Amount

$550,000

Loan to Value (LTV)

55%

Loan Purpose

Borrower required funds to put equity into an investment property. Hillmount was able to provide a 2nd mortgage on the borrower’s primary residence. After the completion of enhancements to the investment property and its subsequent sale, the loan will be repaid in accordance with the agreed-upon terms.

Location

Toronto, ON