Client Success Story
Additional Funds Required to Complete Project – Leslieville, Toronto
An experienced Toronto-based renovation firm approached us for financing to complete an ambitious renovation project in the sought-after Leslieville neighbourhood. The scope involved transforming a modest one-storey home into a stunning three-storey residence with a separate laneway suite—positioning the property as a high-value asset for resale.
The clients had secured a conventional mortgage from a major bank for the initial purchase and committed a substantial amount of their own capital to begin the renovation. However, additional funds were needed to bring the project to completion.
Recognizing the quality of the project and the team behind it, we sourced a reputable private lender with specialized expertise in construction financing. This lender offered a construction loan facility in a second mortgage position—an uncommon but critical solution for real estate projects of this nature.
The construction loan provided the necessary capital to complete the renovation. Upon nearing project completion, the second-position loan was repaid through a new, larger mortgage arranged with the original first mortgage lender. This refinancing was completed just before the property was listed for sale.
This financing solution enabled the client to successfully finish and prepare the property for market, maximizing its value and return on investment.
Call TODAY for more information and insight into private mortgages! #mortgages #realestate #privatemortgages #privatelendingTodd Hunter
Mortgage Agent, Level 2
License No. M22000871
Direct: (416) 270-7962
Email: todd.hunter@dominionlending.ca
Website: www.toddhunter.ca
Residential, Commercial, Construction and Private Lending Solutions
Dominion Lending Centres Forest City Funding #10671
Independently Owned and Operated