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2nd Mortgage – $200,000
1st/2nd Mortgage – $2,700,000
1st Mortgage – $600,000
2nd Mortgage – $350,000
Second Mortgage – $250,000
First Mortgage – $250,000
Second Mortgage – $1,000,000
First Mortgage – $1,300,000
Second Mortgage – $500,000
Second Mortgage – $110,000
Second Mortgage – $1,000,000
Type:
2nd Mortgage
Mortgage:
$1,000,000 (65% LTV)
Rate:
8.50%
Terms:
2% split with broker. 1 year open.
Notes:
House in West Vancouver. Land value. Borrower obtaining permits for construction.