Coal Harbour, Vancouver

Second Mortgage

Loan Amount: $1,000,000
Interest Rate: 8.75%

Term: 12 Months
Loan To Value: 65%
Location: Coal Harbour, Vancouver 

Second mortgage on a 2,400 square foot waterfront condo in the Two Harbour Green building downtown.  The loan replaced higher priced existing debt in exchange for collateral security over a single-family property on an acre of land in Surrey.