Get Residential and Land Financing:
- Invest in mixed-use property
- Acquire a multi-residential asset
- Finance vacant land for development
- Finance vacant land for rezoning
CASE STUDIES:
STUDY 1: Purchase of Luxury Condo Hotel
Asset Value: $21,000,000
Needed: $9,500,000
Challenge
- Luxury Condo Hotel purchased pre-construction for 5.5 Million with 2 Million down payment
- Current Condo value 8 Million, with banks not trusting the current Luxury condo market
- Needs to Refinance his matrimonial home worth 13 Million with 10 Million in equity
- Business overseas
Solution
- Private mortgage for $9,500,000
- Competitive Private Mortgage Rate(*APR)
- Client was able to buy out the condo and flip it at a profit
Paid out the private mortgage from proceeds
STUDY 2: Spousal buy-out
Asset Value: $950,000
Needed: $902,500
Challenge
- During the separation process clients could not refinance their property to more than 80%LTV
- Equal property share could only have been achieved through sale of the property
- Property has been in the family for generations and client did not want to sell it
Solution
- 95% Refinance through bank
- Discounted Bank Rate(*APR)
- Client was able to keep their heritage home in the family
- Spouse received her equal share
STUDY 3: Farm Land Refinance
Asset Value: $950,000
Needed: $902,500
Challenge
- Client suffered injury and was unable to produce anything on the farm
- Banks did not want to refinance the farm without income
- Client needed 80% LTV refinance to cover expenses and medical bills
Solution
- 80% LTV Refinance through credit union
- Discounted Bank Rate(*APR)
- Deal approved on the basis of Christmas trees which would be due for maturity in a few years
Client received enough equity to last him through his recovery
If you have unrealized plans to break new ground and have had difficulty getting financed give us a call today. We’ll provide you with a free consultation to review the particulars of your project and find you a quick and efficient solution to help you make it happen.
