fundings
fundings
Funded Amount: $537,500
Type: Single Family Home
Lender: Private Lender
Location : South Surrey, BC
Loan-to-Value (LTV): 75%
Value: $2,735,000
2nd mortgage
The client required a second mortgage for business purposes. The challenge was securing a high loan-to-value second mortgage on a higher-end home, especially with only fair credit. Traditional options were limited and timing was important.
The Problem
To help the client get ahead, we leveraged our investor relationships and structured a $537,500 second mortgage behind an existing $1,515,000 first mortgage. The financing provided immediate capital while creating a path toward a stronger refinance opportunity in the future.
The Solution
- Secured a high LTV second mortgage on a higher end property
- Accessed business capital without selling assets
- Created breathing room and reduced immediate financial pressure
- Positioned the client to improve business financials
- Established an exit strategy to refinance next year
Outcome & Key Takeaways
Rather than reacting to a future problem, the client got ahead of it before it became a larger issue.
Funded Amount: $537,500
Type: Single Family Home
Lender: Private Lender
Location : South Surrey, BC
Loan-to-Value (LTV): 75%
Value: $2,735,000
2nd mortgage
The client required a second mortgage for business purposes. The challenge was securing a high loan-to-value second mortgage on a higher-end home, especially with only fair credit. Traditional options were limited and timing was important.
The Problem
To help the client get ahead, we leveraged our investor relationships and structured a $537,500 second mortgage behind an existing $1,515,000 first mortgage. The financing
provided immediate capital while creating a path toward a stronger refinance opportunity in the future.
The Solution
- Secured a high LTV second mortgage on a higher end property
- Accessed business capital without selling assets
- Created breathing room and reduced immediate financial pressure
- Positioned the client to improve business financials
- Established an exit strategy to refinance next year
Outcome & Key Takeaways
Rather than reacting to a future problem, the client got ahead of it before it became a larger issue.
