$24,000,000 Conventional First Mortgage, Interest Rate @ 3.50%, 10 Year Term, Amortization 40 Years,
Funded in February 2019
Conventional Equity Take-Out Mortgage of $14,000,000, Interest Rate @ 3.95%, Interest Only Payments with a 24 Month Term
Low Down Payments Available, with Low Interest Rates, as Owner-Occupation Reduces the Lender's Risk
Inventory Financing for 25 Residential Units, Loan of $13,000,000, Interest Rate @ 5.35%, 24 Month Term
Land bought for Imminent Development normally can be Financed up to 65% Loan to Value, as the First Step in the Development Process
As the Second Step in the Development Process, Construction Financing is Available from Breaking Ground until the Take-Out Mortgage
117 Residential Units & 2 Commercial Units, 1st Mortgage of $24,900,000, Rate @ 3.50%, 10 Year Term , Amortization of 40 Years (Feb 2019)
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R. Mike Mullin, CPA, CGA - Licensed Commercial Mortgage Broker, throughout B.C. Commercial Mortgages, Investment Mortgages, ICI Mortgages, Re-financing Mortgages, CMHC apartment building mortgage insurance Multi-Family Mortgages, CMHC Multi-Family Mortgage Correspondent for Purchases, Re-financing & Construction Mortgages Based on Vancouver Island, serving All of BC.
Vancouver, Victoria, Nanaimo, Comox Valley, Courtenay. Comox, Port Alberni, Campbell River, Port McNeill, Port Hardy
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