Urgent equity takeout

Loan Priority

1st Mortgage

Loan Amount

$3,500,000

Loan to Value (LTV)

54%

Loan Purpose

Borrower required funds urgently for investment purposes. Hillmount Capital was able to provide a 1st mortgage against a brand new 3,500-square-foot home on an 85-acre property within five days of receiving all due diligence items, enabling the borrower to access the property’s excess equity for investment purposes.

Location

Kitchener, ON