3rd Mortgage, 15% 1 Year Term
3rd Mortgage Opportunity – $160,000 Mortgage Investment
Location: Oakville, ON
Use of Funds: Business Expense
Closing Date: November 2015
1st Mortgage Amount Required: $160,000.00
Appraised Value: $620,000.00
Loan-to-Value: 87%
Interest Rate: 15%
Term: 1 Year
Special Notes:
Investor earns $2000.00 per month, plus lender fee of $8k = Total 20% annum.