CMC | High-Rise Condominium
portfolio_page-template-default,single,single-portfolio_page,postid-1569,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-6.10.0,vc_responsive

High-Rise Condominium

Canadian Deals

Loan Details

Location: Whitby, Ontario

Loan Amount: $25,000

Property Type: Residential

Mortgage Ranking: Second

LTV: 76%

Rate: 10.99%

Summary: Power of Sale: Borrower had a previous bankruptcy and was a beacon reject, with no current income or employment verification. A one year pre pay from the proceeds was administered. This allowed the borrower to not have to make monthly payments, for the length of the term.