2nd Mortgage, 8% Quarterly for a 36 Month Term
2nd Mortgage Opportunity – $35,000 Minimum Mortgage Investment
Location: 955-969 Weston Road, Toronto, ON
Use of Funds: Soft Costs
Closing Date: October 29, 2015
1st Mortgage Amount Required: Minimum $35,000.00
Appraised Value: $6.68MM
Loan-to-Value: 85%
Interest Rate: 8% per annum
Term: 36 Month
Special Notes:
Investors will receive a 24% return. 1st Mortgage is VTB $4.4MM