West Vancouver

Second Mortgage, Construction

Loan Amount: $1,600,000
Interest Rate: 8.99%

Term: 1 Year
Loan To Value: 51%
Location: West Vancouver

Financing was provided to a borrower who was developing a single family house in the Ambleside area of West Vancouver.  A mortgage was also taken against the borrower’s principal residence order to improve the collateral package securing the loan.