West Vancouver

First Mortgage, Construction

Loan Amount: $4,800,000
Interest Rate: 6.95%

Term: 1 Year
Loan To Value: 56%
Location: West Vancouver

A first mortgage was provided to assist the borrowers in acquiring a new home prior to the sale of their existing residence.  A bridge loan was provided, allowing them to close on the new property while giving them time to sell their existing residence.