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CMC | Commercial Building
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Commercial Building

Category
Canadian Deals

Loan Details

Location: Scarborough, Ontario

Loan Amount: $1,500,000

Property Type: Commercial

Mortgage Ranking: First

LTV: 75%

Rate: 8.99%

Summary: Borrower was a real estate investor from China. The building was being operated as a massage/wellness centre on the first floor and a call centre on the top floor. Down payment came from overseas. No Business financials were requested!