2nd Mortgage, 12% 1 Year Term

2nd Mortgage Opportunity – $35,000 Mortgage Investment

Location: Rosedale – Toronto, ON
Use of Funds: Condominium Purchase
Closing Date: Closed
2nd Mortgage Amount Required: $35,000.00
Appraised Value:

 

Loan-to-Value: 73%
Interest Rate: 12% per year, paid monthly*
Term: 1 Year

Special Notes:

Two applicants; one hourly one self employed.

Previous bankruptcy, minimal re-established credit, stated income. 1st mortgage with a credit union.