fundings
fundings
Funded Amount: $350,000
Type: Residential
Lender: Private
Location: Leduc, AB
Loan-to-Value (LTV): 75%
Value: $470,000
Leduc Foreclosures
The client was behind on two properties that were both 30 days away from being formally listed under foreclosure proceedings. In addition, there were over $100,000 in personal judgments registered against them. They owned three properties in total, with one property not under foreclosure. Traditional lenders would not approve due to the low beacon scores (451 and 512), active foreclosure actions, and outstanding judgments. Time was critical. If the properties were listed, equity and control would have been
significantly reduced.
The Problem
To help the client get ahead, we structured a $350,000 mortgage at 6.95% with no collateral charge and no inter-alia requirement.
This was critical because:
The Solution
- The client needed to preserve flexibility.
- They required access to proceeds from upcoming property sales.
- Cross collateralization would have restricted their ability to exit cleanly.
The structure stabilized the immediate foreclosure pressure while allowing them to control the sale process of their properties.
This solution allowed the client to:
- Stop two imminent foreclosure listings
- Avoid forced sale pricing
- Maintain control over all three properties
- Protect remaining equity
- Create a clean path to sell and restructure debt properly
Instead of losing assets under distress, the client regained time, leverage, and control - positioning them to get ahead rather than fall further behind.
Outcome & Key Takeaways
Funded Amount: $350,000
Type: Residential
Lender: Private
Location: Leduc, AB
Loan-to-Value (LTV): 75%
Value: $470,000
Leduc Foreclosures
The client was behind on two properties that were both 30 days away from being formally listed under foreclosure proceedings. In addition, there were over $100,000 in personal judgments registered against them. They owned three properties in total, with one property not under foreclosure. Traditional lenders would not approve due to the low beacon scores (451 and 512), active foreclosure actions, and outstanding judgments. Time was critical. If the properties were listed, equity and control would have been
significantly reduced.
The Problem
To help the client get ahead, we structured a $350,000 mortgage at 6.95% with no collateral charge and no inter-alia requirement.
This was critical because:
The Solution
- The client needed to preserve flexibility.
- They required access to proceeds from upcoming property sales.
- Cross collateralization would have restricted their ability to exit cleanly.
The structure stabilized the immediate foreclosure pressure while allowing them to control the sale process of their properties.
This solution allowed the client to:
- Stop two imminent foreclosure listings
- Avoid forced sale pricing
- Maintain control over all three properties
- Protect remaining equity
- Create a clean path to sell and restructure debt properly
Instead of losing assets under distress, the client regained time, leverage, and control - positioning them to get ahead rather than fall further behind.
Outcome & Key Takeaways
