2nd Mortgage Funds Wanted

WadeFenner

Inspired Forum Member
REIN Member
#1
I have two properties I'm interested in placing a 2nd mortgage on.

Both properties are located in Edmonton and have long term stable tenants.

The amounts I’m looking for are $50,000 and $68,000.
I’m offering 10% interest only, paid monthly, with a 5 year (Preferred) term.

These are RRSP eligible so you can get your retirement funds working better for you.

The total loan to value (LTV) with the 2nd mortgage in place will not exceed 80% of the appraised value, so still in a safe operating range.

Yes, I do have a recent certified appraisal for both to show current values.



If you’re interested in knowing more please contact me at Wade@WadeFenner.com
Or text me at 780-970-4545.


23 Year Member of REIN
Diamond Award Member
Player of the Year Recipient 1998
And Multiple Top Ten Awards
 
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