Recently Funded

1ST MORTGAGE  IN DUNCAN, BC
  • AMOUNT OF LOAN – $575,000
  • PROPERTY VALUE – $1,330,000
  • TYPE OF PROPERTY – CUSTOM SINGLE FAMILY RESIDENTIAL
  • OBJECTIVE – PAYOUT EXISTING LENDER & EQUITY TAKE OUT TO SUPPLEMENT INCOME
  • OBSTACLE –  INCOME DOES NOT SUPPORT BANK FINANCING & PROPERTY IS ACTIVELY LISTED.
  • EXIT STRATEGY – SELL PROPERTY WITHIN 1 YEAR.
3RD MORTGAGE  IN DENMAN ISLAND, BC
  • AMOUNT OF LOAN – $95,000
  • PRIORITY MORTGAGES – $1,675,000
  • PROPERTY VALUE – $2,950,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED WITH 3 ADDITIONAL LEGAL SUITES
  • OBJECTIVE – EQUITY TAKE OUT FOR ADDITIONS TO THE PROPERTY.
  • OBSTACLE –   DO NOT QUALIFY AT THE BANK AT THIS TIME
  • EXIT STRATEGY –  LOOKING TO REFINANCE WITHIN 1 YEAR

1ST MORTGAGE  IN EDMONTON, AB

  • AMOUNT OF LOAN – $197,000
  • PROPERTY VALUE –  $270,000
  • TYPE OF PROPERTY – RESIDENTIAL SEMI-DETACHED BUNGALOW (BOTH SIDES)
  • OBJECTIVE – REFINANCE TO PAYOUT AND REMOVE JOINT VENTURE PARTNER
  • OBSTACLE –  UNABLE TO SECURE BANK FINANCING DUE TO DSCR RATIOS
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE IN PORT ALICE, BC

  • AMOUNT OF LOAN – $168,000
  • PROPERTY VALUE – $547,000
  • TYPE OF PROPERTY – 2 SINGLE FAMILY DETACHED HOMES (1 OWNER OCCUPIED & 1 VACANT)
  • OBJECTIVE – REFINANCE EXISTING MORTGAGES
  • OBSTACLE – PROPERTY IN THE MIDST OF FINAL IMPROVEMENTS
    EXIT STRATEGY – SELL PROPERTY VACANT PROPERTY WITHIN 1 YEAR OR REFINANCE ONCE FINAL IMPROVEMENTS COMPLETED; WHICHEVER OCCURS FIRST

2ND MORTGAGE IN SASKATOON, SK (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $290,000
  • 1ST MORTGAGE – $194,000
  • PROPERTY VALUE – $900,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED (DOUBLE LOT)
  • OBJECTIVE – PAYOUT 2ND MORTGAGE LINE OF CREDIT, SOME CRA & BUSINESS OPERATIONS
  • OBSTACLE – DO NOT QUALIFY FOR BANK FINANCING AT THIS TIME
  • EXIT STRATEGY – SELL PROPERTY WITHIN 1 YEAR

2ND MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $55,000
  • 1ST MORTGAGE – $253,000
  • PROPERTY VALUE – $385,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED
    OBJECTIVE – SUPPLEMENT INCOME WHILE COMPLETING LAW SCHOOL
  • OBSTACLE – BANK WOULD NOT APPROVE USE OF FUNDS
  • EXIT STRATEGY – – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE  IN DENMAN ISLAND, BC

  • AMOUNT OF LOAN – $1,475,000
  • PROPERTY VALUE – $2,950,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED WITH 3 ADDITIONAL LEGAL SUITES
  • OBJECTIVE – REFINANCE & CONSOLIDATE 1ST, 2ND, & 3RD MORTGAGE
  • OBSTACLE – DO NOT QUALIFY AT THE BANK AT THIS TIME
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

2ND MORTGAGE  IN EDMONTON, AB

  • AMOUNT OF LOAN – $25,000
  • 1ST MORTGAGE – $199,000
  • PROPERTY VALUE – $275,000
    TYPE OF PROPERTY – RESIDENTIAL TOWNHOUSE CONDO
  • OBJECTIVE – PAY FOR SURGERY
  • OBSTACLE – RECENTLY DISCHARGED FROM CONSUMER PROPOSAL & TIME CRUNCH
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $334,750.00
  • PROPERTY VALUE – $621,000
  • TYPE OF PROPERTY – RESIDENTIAL TRIPLEX
  • OBJECTIVE – PURCHASE
  • OBSTACLE – BANK WOULD NOT APPROVE THE CORPORATE PURCHASE
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE IN CALGARY, AB

  • AMOUNT OF LOAN – $710,000
  • PROPERTY VALUE – $1,450,000
  • TYPE OF PROPERTY – SINGLE FAMILY LUXURY RESIDENTIAL
  • OBJECTIVE – REFINANCE 1ST MORTGAGE
  • OBSTACLE – CURRENT LENDER WOULD NOT RENEW
  • EXIT STRATEGY – SELL PROPERTY WITHIN 1 YEAR
1ST MORTGAGE  IN BETHANY ON (KAWARTHA LAKES) (Brokers For Life Inc.)
  • AMOUNT OF LOAN – $190,000
  • PROPERTY VALUE – $324,000
  • TYPE OF PROPERTY – OWNER OCCUPIED SINGLE FAMILY DETACHED ACREAGE
  • OBJECTIVE – PAYOUT EXISTING PRIVATE & PROPERTY TAXES
  • OBSTACLE –  CREDIT
  • EXIT STRATEGY – SELL PROPERTY IN 1-2 YEARS

1ST MORTGAGE  IN KELOWNA, BC (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $942,500
  • PROPERTY VALUE – $1,450,000
  • TYPE OF PROPERTY – TWO RENTAL DUPLEXES
  • OBJECTIVE – REFINANCE & EQUITY TAKE OUT TO PURCHASE
    ADDITIONAL REAL ESTATE
  • OBSTACLE – BUSINESS INCOME
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS
1ST MORTGAGE  IN  EDMONTON, AB
  • AMOUNT OF LOAN – $210,600
  • PROPERTY VALUE – $340,000
  • TYPE OF PROPERTY – RENTAL DUPLEX
  • OBJECTIVE – PURCHASE & IMPROVEMENT
  • OBSTACLE –  BUSINESS INCOME
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS
2ND MORTGAGE  IN  CALGARY, AB
  • AMOUNT OF LOAN – $52,000
  • 1ST MORTGAGE – $313,000
  • PROPERTY VALUE – $431,000
  • TYPE OF PROPERTY – OWNER OCCUPIED SINGLE FAMILY RESIDENTIAL
  • OBJECTIVE – EQUITY TAKE OUT & DEBT CONSOLIDATION
  • OBSTACLE –  CREDIT
  • EXIT STRATEGY – SELL PROPERTY IN 1-2 YEARS
2ND MORTGAGE  IN CALGARY, AB
  • AMOUNT OF LOAN – $425,000
  • 1ST MORTGAGE – $684,000
  • PROPERTY VALUE – $1,450,000
  • TYPE OF PROPERTY – SINGLE FAMILY LUXURY RESIDENTIAL
  • OBJECTIVE – PAYOUT EXISTING 2ND MORTGAGE
  • OBSTACLE – CREDIT & INCOME
  • EXIT STRATEGY – SELL PROPERTY WITHIN 1 YEAR
1ST MORTGAGE  IN NORTON, SK (1HR SOUTH OR REGINA) (Brokers For Life Inc.)
  • AMOUNT OF LOAN – $395,000
  • PROPERTY VALUE – $565,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED ACREAGE WITH 160 ACRES OF FARM LAND
  • OBJECTIVE – REFINANCE AND PAYOUT EXISTING MORTGAGE
  • OBSTACLE – NEW EMPLOYMENT FOR 1 APPLICANT & CREDIT REPAIR
  • EXIT STRATEGY  – LOOKING TO REFINANCE IN 1-2 YEARS
BLANKET COMMERCIAL MORTGAGE  IN VANCOUVER, SURREY & WHISTLER BC
  • AMOUNT OF LOAN – $3,800,000
  • EXISTING MORTGAGE BALANCES – $4,700,000
  • COMBINED PROPERTY VALUE – $17,450,000
  • TYPE OF PROPERTIES – INDUSTRIAL COMMERCIAL, VACATION RENTALS CONDOS & SINGLE FAMILY DETACHED HOME
  • OBJECTIVE – PAYOUT EXISTING PRIVATE MORTGAGES, CRA ARREARS, STRATA ARREARS, AND BUSINESS OPERASTION
  • OBSTACLE – TAX ARREARS
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE  IN PEMBERTON, BC

  • AMOUNT OF LOAN – $225,000
  • PROPERTY VALUE – $450,000
  • TYPE OF PROPERTY – VACANT LAND
  • OBJECTIVE – PURCHASE
  • OBSTACLE – BANK WOULD NOT PROVIDE FINANCING ON VACANT LAND 
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS ONCE PROPERTY IMPROVEMENTS ARE COMPLETE.

1ST MORTGAGE  IN JOHNSON CREEK, BC

  • AMOUNT OF LOAN – $340,000
  • PROPERTY VALUE – $680,000
  • TYPE OF PROPERTY – VACANT LAND
  • OBJECTIVE – EQUITY TAKE OUT FOR INVESTMENTS
  • OBSTACLE – BANK WOULD NOT PROVIDE FINANCING ON VACANT LAND TO CORPORATE BORROWER
  • EXIT STRATEGY – PAY OFF WITH COMPANY DIVIDENDS

2ND MORTGAGE IS SASKATOON, SK (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $80,000
  • 1ST MORTGAGE – $300,000
  • PROPERTY VALUE – $457,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED 
  • OBJECTIVE – PAYOUT EXISTING 2ND MORTGAGE & PROPERTY TAXES
  • OBSTACLE –  BORROWER CURRENTLY IN CONSUMER PROPOSAL
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 2 – 3  YEARS

2ND MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $126,000
  • 1ST MORTGAGE – $243,000
  • PROPERTY VALUE – $440,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED
  • OBJECTIVE – PAYOUT EXISTING 2ND MORTGAGE & PROPERTY TAXES
  • OBSTACLE –  DOES NOT QUALIFY FOR BANK FINANCING
  • EXIT STRATEGY – SELL PROPERTY WITHIN 12 MONTHS

2ND MORTGAGE  IN CAMPBELL RIVER, BC

  • AMOUNT OF LOAN – $230,000
  • 1ST MORTGAGE – $420,000
  • PROPERTY VALUE – $1.065M
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED 2-STOREY
  • OBJECTIVE – PAYOUT EXISTING PRIVATE MORGAGE AND DEBT CONSOLIDATION
  • OBSTACLE – TAX ARREARS AND DEBTS MAXED OUT DUE TO COVID SHUTDOWNS
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS
2ND MORTGAGE  IN SASKATOON, SK (Brokers For Life Inc.)
  • AMOUNT OF LOAN – $35,000
  • 1ST MORTGAGE – $202,000
  • PROPERTY VALUE – $300,000
  • TYPE OF PROPERTY – RESIDENTIAL SINGLE FAMILY DETACHED MANUFACTURED HOME
  • OBJECTIVE – PAYOUT EXISTING 2ND MORTGAGE & CRA TAX ARREARS
  • OBSTACLE – IN CONSUMER PROPOSAL & TAX ARREARS
  • EXIT STRATEGY  – LOOKING TO REFINANCE IN 2-3 YEARS

2ND MORTGAGE  IN DENMAN ISLAND, BC

  • AMOUNT OF LOAN – $700,000
  • 1ST MORTGAGE – $560,000
  • PROPERTY VALUE – $2,500,000
  • TYPE OF PROPERTY – OCEANFRONT DETACHED 2 STOREY WITH 3 ADDITIONAL LIVING SUITES
  • OBJECTIVE – PAYOUT EXISTNG 2ND MORTGAGE
    OBSTACLE – INCOME
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS
2ND MORTGAGE  IN OTTAWA, ON (Brokers For Life Inc.)
  • AMOUNT OF LOAN – $160,000
  • 1ST MORTGAGE – $398,000
  • PROPERTY VALUE – $660,000
  • TYPE OF PROPERTY – RAISED BUNGALOW DUPLEX
  • OBJECTIVE – PAYDOWN MORTGAGE ON ANOTHER PROPERTY, PAYDOWN DEBT
  • OBSTACLE –  CREDIT
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE IN REGINA, SK (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $337,500
  • PROPERTY VALUE – $451,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED 2-STOREY
  • OBJECTIVE – REFINANCE
  • OBSTACLE – BANK WAS FORECLOSING. FELL BEHIND ON PAYMENTS DUE TO MEDICAL ISSUES.
  • EXIT STRATEGY – LOOKING TO REFINANCE IN 1-2 YEARS

1ST MORTGAGE  IN QUESNEL, BC

  • AMOUNT OF LOAN – $350,000
  • PROPERTY VALUE – $500,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL ACREAGE
  • OBJECTIVE – REFINANCE & CONSOLIDATE DEBTS
  • OBSTACLE –  NEW EMPLOYMENT
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE  IN VANDERHOOF, BC

  • AMOUNT OF LOAN – $285,000
  • PROPERTY VALUE – $355,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – REFINANCE
  • OBSTACLE –  BANK WOULD NOT RENEW
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $533,975
  • PROPERTY VALUE – $880,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – PURCHASE
  • OBSTACLE –  STATED UNDECLARED INCOME
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

2ND MORTGAGE IN EDMONTON, AB

  • AMOUNT OF LOAN – $125,000
  • 1ST MORTGAGE – $533,975
  • PROPERTY VALUE – $880,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – PURCHASE
  • OBSTACLE –  STATED UNDECLARED INCOME
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE IN SWIFT CURRENT, SK (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $109,000
  • PROPERTY VALUE – $165,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – REFINANCE & REMOVE FORMER SPOUSE
  • OBSTACLE –  CREDIT
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE  IN ST. LOUIS, SK (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $55,000
  • PROPERTY VALUE – $130,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – REFINANCE
  • OBSTACLE – CRA TAX ARREARS
  • EXIT STRATEGY – LOOKING TO SELL IN 1-2 YEARS

2ND MORTGAGE  IN WOODLANDS COUNTY, AB

  • AMOUNT OF LOAN – $46,000
  • PROPERTY VALUE – $173,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – REFINANCE
  • OBSTACLE – CURRENTLY IN AN ORDERLY PAYMENT OF DEBT PROGRAM
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

2ND MORTGAGE IN OTTAWA, ON (Brokers For Life Inc.)

  • AMOUNT OF LOAN – $120,000
  • PROPERTY VALUE – $850,000
  • TYPE OF PROPERTY – SINGLE FAMILY DETACHED RESIDENTIAL
  • OBJECTIVE – EQUITY TAKE OUT
  • OBSTACLE – DEBT SERVICE RATIO DOESN’T MEET BANK REQUIREMENTS
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER

1ST MORTGAGE  IN KELOWNA, BC

  • AMOUNT OF LOAN – $1,850,000
  • PROPERTY VALUE – $3,200,000
  • TYPE OF PROPERTY – SINGLE FAMILY LUXURY WATERFRONT RESIDENTIAL
  • OBJECTIVE – REFINANCE
  • OBSTACLE –  INCOME VERIFICATION
  • EXIT STRATEGY – REFINANCE IN 1-2 YEARS WITH NON-PRIVATE LENDER