Two buildings, two zonings, one easy solution
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- Two buildings, two zonings, one easy solution

Loan Priority
1st Mortgage
Loan Amount
$2,080,000.00
Loan to Value (LTV)
48.4%
Loan Purpose
Borrower required funds to pay off the existing mortgage. The property was enhanced with two structures: a 2-storey heritage residential home, as well as a 1-storey commercial building. Hillmount Capital was able to fund a 1st mortgage in order to refinance the existing mortgage and provide the borrower with time to obtain approval for the site development.
Location
Scarborough, ON