$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!
- 30-year amortization
- 80% rental Offset
- Deal approved at 74% LTV
- 1-year closed
- GDS/TDS: 8.19%/ 26.14%
- Beacon scores: 709/763
- Type: Permanent full-time; BFS Owers
- Tenure: 12 years
- Occupancy: Rental
- Location: Etobicoke, ON
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