$2M Inter Alia Mortgage - Cottage Land AcquisitionBy Scott WestlakeMy PortfolioApril 20, 20210 comments#land #landfinancing #acquistionfinancing #constructionmortgage #SW #TWT #scottwestlake TWT recently closed on a $2M Inter Alia Mortgage facility in Muskoka in under 1 week. Our client approached us to purchase land and required 100% financing. Land typically finances around 50-65% loan to value. We cross collateralized another asset to secure the $2M lending ...Read more...
Recently Funded - Cottage Construction + Take Out MortgageBy Scott WestlakeMy PortfolioMarch 29, 20210 comments#constructionmortgage #cottagebuild #scottwestlake #twt TWT recently wrapped up a complete construction and take out mortgage strategy that was put in place for our clients. Scott initiated this process over a year back after a comprehensive conversation with the clients, builder and multiple lenders and determined there ...Read more...