Deal Of The Week: Investor Purchase + Renovation

DEAL OF THE WEEK

Purpose: Clients needed funding for a investment home purchase + renovation for a single family detached house in North York.

“As Is” Value: $800,000
“As If Complete” Value: $950,000

We arranged for clients to get a 1st mortgage for a low interest rate covering 65% LTV.

1st Mortgage: $520,000

We arranged for a 2nd mortgage up to 80% LTV for a 6 month term, fully open.

2nd Mortgage: $120,000

Clients will make $150,000 profit in 6 months

Got a situation like this? Contact Matrix Mortgage Global 24/7 at 1.800.429.0717