Project Description

We issued a first ranking mortgage on a multi-residential property located by the Atwater market in the heart of Montreal. The borrower was facing a challenge with his lending institution and needed access to capital within a very restrained time frame.
Considering the need for a low loan-to-value ratio of 61%, we went ahead with a first-mortgage of $550,000 at a favourable rate on this 9-plex multi-residential property.