West Vancouver

Second Mortgage, Construction

Loan Amount: $2,000,000
Interest Rate: 8.75%

Term: 1 Year
Loan To Value: 54%
Location: West Vancouver

A second mortgage was needed to complete construction of a luxury spec home in West Vancouver. The borrower, a repeat client, had bought the land with bank financing and had built the home up to the drywall stage. Our loan completed construction.