Point Grey, Vancouver

Construction Loan

Loan Amount: $1,500,000
Interest Rate: 5.00%

Term: 1 Year
Loan To Value: 20%
Location: Point Grey, Vancouver 

Low loan to value mortgage on a 90% complete house in Point Grey. The property was clear title and borrowers required sufficient funds to complete the build and recapitalize personal accounts. Their plan is to refinance once the property is 100% complete with an occupancy permit in place.