Low loan to value at 54% between 1st mortgage of $425K and 2nd mortgage (this is the opportunity!) of $380,000 - value is 1.5M between 6 serviced 1/2 acre lots currently being marketed for sale in the hot market of Cranbrook, BC! Lots on located on a golf course subdivision. We have full time sales staff, and a realtor marketing the lots...
2nd mortgage terms:
6 month term,
$380,000 amount,
offering 15% interest per annum
balloon payment
Registered funds or cash
2nd mortgage terms:
6 month term,
$380,000 amount,
offering 15% interest per annum
balloon payment
Registered funds or cash
Likes:
Tina Myrvang