Tailored Construction Financing

Loan Priority

1st Mortgage

Loan Amount

$1,900,000

Loan to Value (LTV)

50%

Loan Purpose

Borrower required funds to complete the construction of a 2-storey detached home. Hillmount Capital was able to provide a loan which included a refinancing facility, hard cost facility and interest reserve facility. The land facility was advanced as an equity infusion which allowed the borrower to start construction. Upon completion, the property will become the borrower’s primary residence.

Location

Cedar Valley, ON