Recently Funded Transactions

* Commercial Term Financing *

CATEGORY:  Term Financing for a redevelopment site in West Vancouver

LOCATION: West Vancouver, BC (Ambleside District)

$8,500,000 Redevelopment / Land Assembly Loan .  Rate 4%, funded with a major lender, who will assist construction financing once re-zoning is complete.

* Construction Financing *  

LOCATION - North Vancouver

$2,810,000 1st mortgage (74% of total cost) to purchase the property and for building a single family spec house in North Vancouver.  Total project costs $3,800,000.  Appraisal $4,800,000.  Rate, Prime +1.50%, fully open.  Approval was based on the customers experience and net-worth.  No personal income required.  

If you are in need of Construction Financing for a Single Family property or a Multi Family project, feel free to contact me.  

P: 250.514.9667  

E: Mgbourassa@gmail.com