Looking for lending in Canada

[Bob Taylor]

 

Have a client looking for borrowing options in Canada. Is looking for $125,000 and requires an equity lender. Has a home that is a condo free and clear in the B.C. area or has multi-residential unit that is available for a 2nd mortgage. The multi-res unit is a 4 townhouse rental facility in the Sudbury area appraised at $475,000 with a 1st of $275,000.

Open to determining what is the best way to obtain funds or security can be attached to both. Looking for a short term of 1 year.

 

Thanks in advance

 

Bob Taylor

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