Our client, an experienced landlord with multiple rentals, is refinancing one of the residences under their holding company name in Fort Erie, ON.
Refinancing will generate tangible benefits that will be used to pay off a 1st mortgage on the subject property, pay off the mortgage balance on three additional properties, and will help with renovations that will improve marketability.
With a drive to grow their property portfolio and a commitment to provide a great rental experience, this client has exciting business goals and a bright future ahead.
Approval using an 80% rental offset, sustainable income, and great credit came with an 80% LTV and monthly savings of over $600 per month.
Subject Property, Owner-Occupied and Rental
Full rental Non-subject Property and Subject Rental Properties
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