West Vancouver

Loan

$3,600,000 loan at 8.75% + 2% Origination Fee

$5,500,000 ESCAP Underwriting Value
Loan to value: 65%
Location: West Vancouver

End-user wished to pay out existing debt and fund an interest reserve (pre-paid interest) while he sold the home. The loan was repaid within 2 months of funding and an IRR of 24% was achieved on an annualized basis.