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Subordinate Debt
Second Mortgages on Income Producing Properties
A second mortgage on an income producing property can be arranged for:
Loan Parameters
- Acquisitions
- Equity withdrawals
- Bridge to mortgage refinancing
Loan Parameters
- Loan Amount: $500,000 to $10,000,000
- Loan Terms: 1 to 5 years
- LTV: up to 85%
- Locations: Urban areas across Canada
Mezzanine Loans for Development Projects
To facilitate the progress of your development project, Harbour Mortgage Corp. provides mezzanine loans when:
Loan Parameters
- The borrower requires additional equity to secure a construction loan from a bank
- Presale or preleasing is not sufficient to obtain a full construction loan from a bank
- Additional equity is required during construction, for cost overruns or equity withdrawals
Loan Parameters
- Loan Amount: $500,000 to $10,000,000
- Loan Terms: 1 to 3 years
- LTC: up to 85%
- Locations: Urban areas across Canada