2nd Mortgage, 8% 36 Month Term
2nd Mortgage Opportunity – $35,000 Minimum Mortgage Investment
Location: 955-969 Weston Road, Toronto, ON
Use of Funds: Soft Costs
2nd Mortgage Amount Required: Minimum $35,000.00
Appraised Value: $12.5MM (ready to develop market value)
Loan-to-Value: up to 85%
Interest Rate: 8% per annum
Term: 36 Month
Special Notes:
Investors will receive a 24% return. 1st Mortgage is VTB $4.4MM