Real Deal | $1.4 Million Holdco Loan Approval of Rental Triplex

$1.4 Million Holdco Loan Approval!
Rental Triplex in the GTA

This deal features a family that owns a small construction business in the GTA looking to refinance their rental triplex.

This refinance will consolidate two mortgages and a significant amount of debt after major investments in home renovations of the subject property.

With an 80% rental offset, a highly marketable property, stable income, and excellent net worth, we approved this deal at 74% LTV and a 3.34% interest rate!

Deal Highlights

  • 30-year amortization
  • 80% rental Offset
  • Deal approved at 74% LTV
  • 1-year closed
  • 3.34%

CREDIT

  • GDS/TDS: 8.19%/ 26.14%
  • Beacon scores: 709/763

EMPLOYMENT

  • Type: Permanent full-time; BFS Owers
  • Tenure: 12 years

PROPERTY

  • Occupancy: Rental
  • Location: Etobicoke, ON