Kerrisdale, Vancouver 

First Mortgage

Loan Amount: $2,035,000
Interest Rate: 7.50%

Term: 1 Year
Loan To Value: 67%
Location: Kerrisdale, Vancouver 

A first mortgage of $2,035,000 secured by a residential property with future development potential under the City of Vancouver’s rental program.  The property was valued on a purely residential basis, though very clear market data was presented showing additional value as a development site.