fundings
fundings
Funded Amount: $300,000
Type: Rental Residential
Lender: Private
Location : Kelowna, BC
Loan-to-Value (LTV): 80%
2nd mortgage for investment
The client originally purchased the property as a short-term rental (Airbnb). After regulatory changes, the strategy shifted to using the property as a second home while renting it out long-term. With the change in use, the client needed additional cash flow support to comfortably manage the property and overall portfolio.
Although the client is financially strong, traditional lenders were not flexible enough to solve the cash flow timing issue quickly.
The Problem
This solution allowed the client to get ahead by:
Outcome & Key Takeaways
- Accessing $300,000 in liquidity without disrupting their investment strategy
- Supporting cash flow during the transition from short-term to long-term rental
- Keeping their first mortgage intact at Prime – 1%, allowing faster principal paydown
- Maintaining flexibility with a clear exit strategy
To help the client get ahead, I arranged a second mortgage with a private investor. My long- standing personal relationship with the client played a key role in structuring the deal efficiently and confidently.
Given that the client owns a business and regularly achieves investment returns exceeding 20%, leveraging equity through a second mortgage made strategic sense rather than liquidating higher-performing assets.
The Solution
The planned exit is to either sell the property or refinance next year and pay down the second mortgage, creating a clean and controlled path forward.
This was a strategic use of equity that preserved long-term growth while solving a short-term cash flow need.
Funded Amount: $300,000
Type: Rental Residential
Lender: Private
Location : Kelowna, BC
Loan-to-Value (LTV): 80%
2nd mortgage for investment
The client originally purchased the property as a short-term rental (Airbnb). After regulatory changes, the strategy shifted to using the property as a second home while
renting it out long-term. With the change in use, the client needed additional cash flow support to comfortably manage the property and overall portfolio.
Although the client is financially strong, traditional lenders were not flexible enough to solve the cash flow timing issue quickly.
The Problem
To help the client get ahead, I arranged a second mortgage with a private investor. My long- standing personal relationship with the client played a key role in structuring the deal
efficiently and confidently.
Given that the client owns a business and regularly achieves investment returns exceeding 20%, leveraging equity through a second mortgage made strategic sense rather than liquidating higher-performing assets.
The Solution
This solution allowed the client to get ahead by:
- Accessing $300,000 in liquidity without disrupting their investment strategy
- Supporting cash flow during the transition from short-term to long-term rental
- Keeping their first mortgage intact at Prime – 1%, allowing faster principal paydown
- Maintaining flexibility with a clear exit strategy
Outcome & Key Takeaways
The planned exit is to either sell the property or refinance next year and pay down the second mortgage, creating a clean and controlled path forward. This was a strategic use of equity that preserved long-term growth while solving a short- term cash flow need.
