Loan Summary

Loan amount:


Mortgage position:

First on subject property, second on additional collateral


Land for Redevelopment


Land Acquisition

Loan Term:

12 months



Vacant land acquisition for the development of a custom home in Burlington, ON

Morrison Financial was engaged to provide a mortgage loan to acquire a parcel of land that will be used to construct the borrower’s personal residence. The subject property is well located in a residential area of Burlington and is approximately a 10-minute drive from Burlington Golf and Country Club. In addition to the subject property, the mortgage loan is also secured by three collateral properties located in southern Ontario. This financing structure reduced the loan to value significantly and created a great lending opportunity.


Burlington, ON

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