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CMC | High-Rise Condominium
1569
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High-Rise Condominium

Category
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.