Monthly Archives: May 2015
Mike Saba
Mike is a shareholder and Vice President, Mortgage Origination. He joined BFSI in 2015 and has over 15 years of experience in commercial lending and brokering real estate loans. Mike is also a Director and Dealing Representative of Bancorp Investor … Continue reading
Rental Housing
Loan Amount: $3,000,000 Location: Nanaimo, BC Mortgage Type: 2nd mortgage Description: Second mortgage construction loan for the development of a 151 unit rental project.
Land Financing
Loan Amount: $13,500,000 Location: Vancouver, BC Mortgage Type: 1st mortgage for land financing Description: First mortgage for development of mixed use building.
Townhouse Development
Loan Amount: $5,500,000 Location: Langley, BC Mortgage Type: 1st mortgage Description: First mortgage for acquisition of land
Townhouse Project
Loan Amount: $2,500,000 Location: Abbotsford, BC Mortgage Type: 2nd mortgage Description: Second mortgage for development of 65 unit townhouse project.
Condo Development
Loan Amount: $3,300,000 Location: Surrey, BC Mortgage Type: 1st mortgage Description: First mortgage to provide inventory financing.
Commercial/Residential Development
Loan amount: $5,400,000 Location: Victoria, BC Mortgage Type: 1st mortgage Description: Acquisition financing for the purchase of 4 parcels of land to be developed
Industrial
Loan Amount: $7,500,000 Location: Kelowna, BC Mortgage Type: 1st mortgage Description: Acquisition financing for strata industrial development.
Land Acquisition
Loan amount: $6,450,000 Location: Surrey, BC Mortgage Type: 1st mortgage Description: First mortgage to finance land and to provide site servicing to a single family subdivision.
Low-Rise Financing
Loan Amount: $5,500,000 Location: Vancouver, BC Mortgage Type: 2nd mortgage Description: Construction financing for the development 44 residential rental units.