Call us now: 416 727 2003 afarber@corwincapital.caafarber@farbercapital.com

CMC | Single Family Residential
1705
portfolio_page-template-default,single,single-portfolio_page,postid-1705,ajax_fade,page_not_loaded,,qode_grid_1300,hide_top_bar_on_mobile_header,qode-child-theme-ver-1.0.0,qode-theme-ver-17.2,wpb-js-composer js-comp-ver-6.9.0,vc_responsive

Single Family Residential

Category
Canadian Deals

Loan Details

Location: Burlington, Ontario

Loan Amount: $40,000

Property Type: Residential

Mortgage Ranking: Second

LTV: 70%

Rate: 10.99%

Summary: This was an elderly couple with only CPP as income. As a result, mortgage payments for the term will be deducted from the advance. This allowed the borrowers to avoid any monthly mortgage payments for the term.