Loan Summary

Loan amount:

$2,790,000

Mortgage position:

First

Type:

Multi-family Development

Purpose:

Refinance

Loan Term:

12 months

Status:

Funded

Financing against a portfolio of rental townhomes in Kingston, ON

Morrison Financial is providing a mortgage loan against a portfolio of seven rental townhomes in Kingston, Ontario. The mortgage loan will refinance existing first mortgage and provide equity repatriation to the borrower. The townhomes range between 1,200 SF and 1,973 SF in size. The loan will be repaid via refinancing or sale of the properties.

Location

Kingston, ON

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