Transitioning Special Loans to Stability

Loan Priority

1st Mortgage

Loan Amount

$2,700,000

Loan to Value (LTV)

17%

Loan Purpose

Borrower required funds to pay out existing mortgages that were in special loans with their financial institution. To obtain the full amount of funds needed, Hillmount Capital received collateral on additional properties. Once the borrower has sufficient financial statement history associated with this property, they will transition to a financial institution.

Location

Toronto, ON