MORTGAGES BY ASHLEY GODDYN - November 2019

Non-Profit Commercial Financing Case Study

***APPROVED***

A difficult and niche line of business was successfully approved this week. 

Here are the details: 

NON-PROFIT Entity selling "membership" for recreational time share vacations needed a property for Staff housing in Whistler. 

Commercial Financing on Residential Property

First Mortgage Position

75% Loan-to-Value

4% Interest, 4 year term , 25 year amortization

Corporate General Security Agreement - no personal guarantees

Turnaround time: 4 weeks

Corporate 

Lender Fee: $0

Broker Fee: 1% 

Administration Fee: $650

Now this company can secured reliable and long-term staff for their operations. 

Contact me if you have commer

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RE-CALIBRATE INTO 2020!

I'm doing a fair bit of re-structuring mortgages on rental portfolios right now, particularly because of the low interest rate environment and the 5 year fixed inversion circumstances that exist right now.

If you are stressed about upcoming pre-sales and potentially not qualifying for them, or wondering if you could refinance and reduce your monthly payments and re-calibrating to a more positive position - connect with me.