Sunshine Coast is not within many lenders' lending areas. But one and only one lender is enough for the client. A multi-million dollar land loan was closed in just 3 weeks.
Golf Course is definitely not the favorite type of ICI property to the lenders, especially in a market with a great deal of uncertainty. We were able to get mortgage approval of multi million dollars for the golf course as an income-producing property.
Pre-approved with 75% LTV on pre-sale contract, Final approval at 85% upon completion
For a Toronto company to expand into Greater Vancouver market.
Funded while business being shut down amid Covid-19
Helped client move from private lender to financial institution
Equity taken out at a market value 3 times of purchase price in 5 years
Funded before obtaining occupancy permit
Hard hit restaurant industry got refinancing
Helped a new immigrant to invest in commercial real estate for the first time
Without a lease in place, we were able to get the panic client with a multi-million dollar LOC ready amid the Covid-19 outbreak
Commercial Mortgage, Construction Mortgage
Vancouver, Richmond, Burnaby, Surrey, Victoria, Kelowna, Kamloops, Maple Ridge, Langley, Coquitlam, Nanaimo, Sunshine Coast, and more
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