We’re not in the habit of writing about every mortgages we fund but like to post updates on individual mortgages from time to time.
Last week we (Alta Pacific Mortgage Investment Corporation – MIC) advanced funds on three separate properties in Alberta. Two were second mortgages on residential homes in Edmonton (66% Loan To Value (LTV) and 70% LTV respectively). The third was a 2nd mortgage on a commercial property in Fort McMurray (62% LTV). Terms ranged from 3 to 18 months.
Last week we (Alta Pacific Mortgage Investment Corporation – MIC) advanced funds on three separate properties in Alberta. Two were second mortgages on residential homes in Edmonton (66% Loan To Value (LTV) and 70% LTV respectively). The third was a 2nd mortgage on a commercial property in Fort McMurray (62% LTV). Terms ranged from 3 to 18 months.
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