West Vancouver

First Mortgage, Construction

Loan Amount: $3,500,000
Interest Rate: 7.75%

Term: 1 Year
Loan To Value: 40%
Location: West Vancouver

A loan of $3,500,000 was provided to finance the purchase of single family development project that was 50% complete.  The clients had $4,000,000 of equity into the purchase and then used their own funds to complete construction.