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2ND MORTGAGE  IN VANCOUVER, BC

  • AMOUNT OF LOAN – $650,000
  • PROPERTY VALUE – $5,000,00
  • 1ST MORTGAGE – $2,450,000 (COMBINED)
  • TYPE OF PROPERTY – SINGLE FAMILY LUXURY RESIDENTIAL
  • OBJECTIVE – PAYOUT 2ND MORTGAGE, TAX ARREARS, & INVESTMENT CAPITAL
  • OBSTACLE –  INCOME VERIFICATION
  • EXIT STRATEGY – PAYOUT IN 6-12 MONTHS

1ST  MORTGAGE IN SUDBURY, ON

  • AMOUNT OF LOAN – $115,000
  • PROPERTY VALUE – $215,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE DETACHED
  • OBJECTIVE – PAYOUT 1ST MORTGAGE, PROPERTY TAX ARREARS, CRA ARREARS
  • OBSTACLE –  CREDIT & INCOME
  • EXIT STRATEGY –  REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST  MORTGAGE IN LOREBURN, SK

  • AMOUNT OF LOAN – $235,000
  • PROPERTY VALUE – $420,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE DETACHED ACREAGE
  • OBJECTIVE – PAYOUT TAX ARREARS & FUNDS FOR BUSINESS VENTURE
  • OBSTACLE – CREDIT & INCOME 
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE IN LAC STE ANNE, AB

  • AMOUNT OF LOAN – $125,000
  • PROPERTY VALUE – $240,000
  • TYPE OF PROPERTY – RESIDENCE – NEWLY BUILT SINGLE DETACHED HOME 
  • OBJECTIVE – PAYOUT EXISTING PRIVATE MORTGAGE.
  • OBSTACLE – UNEMPLOYED
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

BLANKET 2ND MORTGAGE  ON 2 PROPERTIES IN OTTAWA, ON

  • AMOUNT OF LOAN – $355,000
  • PROPERTY VALUE – $1,475,000
  • 1ST MORTGAGE – $840,000 (COMBINED)
  • TYPE OF PROPERTY – RESIDENCE & RENTAL – DUPLEXES 
  • OBJECTIVE – COMPLETE RENOVATIONS
  • OBSTACLE –  CREDIT & DEBT SERVICING RATIOS
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

2ND  MORTGAGE IN CALGARY SURROUNDING AREA, AB

  • AMOUNT OF LOAN – $380,000
  • PROPERTY VALUE – $1,385,000
  • 1St MORTGAGE – $670,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE DETACHED LUXURY HOME
  • OBJECTIVE – RENOVATING PROPERTY TO GET READY FOR SALE
  • OBSTACLE –  CREDIT & INCOME
  • EXIT STRATEGY – SELL 

1ST  MORTGAGE IN TOMAHAWK, AB

  • AMOUNT OF LOAN – $75,000
  • PROPERTY VALUE – $430,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE DETACHED HOME ON 80 ACRES
  • OBJECTIVE – DEBT CONSOLIDATION
  • OBSTACLE – CREDIT & INCOME 
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

2ND  MORTGAGE IN CALGARY, AB

  • AMOUNT OF LOAN – $95,000
  • 1ST MORTGAGE – $99,000
  • PROPERTY VALUE – $422,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE DETACHED HOME 
  • OBJECTIVE – PAYOUT EXISTING PRIVATE MORTGAGE FOR BETTER TERMS
  • OBSTACLE – INCOME
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST  MORTGAGE IN LAMONT COUNTY AB

  • AMOUNT OF LOAN – $118,250
  • PROPERTY VALUE – $210,000
  • TYPE OF PROPERTY – 80 ACRES OF CROP LAND
  • OBJECTIVE – PURCHASE
  • OBSTACLE –  INCOME
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE IN OMEGA, SK

  • AMOUNT OF LOAN – $375,000
  • PROPERTY VALUE – $600,000
  • TYPE OF PROPERTY – RESIDENCE – SINGLE FAMILY HOME ON 160 ACRES
  • OBJECTIVE – REFINANCE TO STOP FORECLOSURE
  • OBSTACLE –  CREDIT, INCOME, & TIME CRUNCH
  • EXIT STRATEGY – REFINANCE IN 2-3 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $375,000
  • PROPERTY VALUE – $500,000
  • TYPE OF PROPERTY – RESIDENCE – RESIDENTIAL SINGLE FAMILY DETACHED
  • OBJECTIVE – PAYOUT  EXISTING PRIVATE MORTGAGE FOR BETTER TERMS
  • OBSTACLE – CREDIT, INCOME, TIME
  • EXIT STRATEGY – REFINANCE IN 2-3 YEARS WITH A NON-PRIVATE LENDER

2ND MORTGAGE IN SASKATOON, SK

  • AMOUNT OF LOAN – $83,000
  • 1ST MORTGAGE – $243,000
  • PROPERTY VALUE – $408,000
  • TYPE OF PROPERTY – RENTAL – RESIDENTIAL SINGLE FAMILY DETACHED
  • OBJECTIVE – PAYOUT  EXISTING PRIVATE MORTGAGE FOR LOWER RATES
  • OBSTACLE (S) –  CREDIT & INCOME
  • EXIT STRATEGY – SELLING THE PROPERTY WITHIN 12 MONTHS

2ND MORTGAGE COMBO IN ST. ALBERT, AB

  • AMOUNT OF LOAN – $18,000
  • 1ST MORTGAGE – $282,000 
  • PROPERTY VALUE – $380,000
  • TYPE OF PROPERTY – RESIDENCE – RESIDENTIAL SINGLE FAMILY DETACHED 
  • OBJECTIVE – DEBT CONSOLIDATION
  • OBSTACLE – CREDIT
  • EXIT STRATEGY – REFINANCE IN 2 YEARS WITH A NON-PRIVATE LENDER

2ND MORTGAGE IN WABAMUN, AB

  • AMOUNT OF LOAN – $25,000
  • PROPERTY VALUE – $218,000
  • 1ST MORTGAGE BALANCE – $154,000
  • TYPE OF PROPERTY – RENTAL – RESIDENTIAL SINGLE FAMILY DETACHED
  • OBJECTIVE – PROPERTY TAX ARREARS & SCHOOLING
  • OBSTACLE – CREDIT & NON-TRADITIONAL INCOME VERIFICATION
  • EXIT STRATEGY – REFINANCE IN 2-3 YEARS WITH A NON-PRIVATE LENDER