EDMONTON, Alberta — Assadi Private Capital, Inc. has provided a $46,000 private second mortgage to finance renovations to a health care professional’s office in Edmonton, Alberta. The transaction highlights the firm’s willingness to consider smaller mortgage loans, including financing requests below $100,000.
The loan carries an annual interest rate of 12%, with monthly instalments over a five-year term. It provides renovation financing secured by a second mortgage on the property. It can be prepaid at any time without penalty.
Smaller financing needs deserve consideration. For mortgage brokers seeking a private lender for loans under $100,000, this transaction demonstrates that Assadi Private Capital considers mortgages as small as $46,000. The firm assesses each opportunity on its individual merits, with a focus on the underlying real estate security and an appropriate loan structure.
Licensed mortgage brokers and qualified industry professionals are welcome to submit smaller mortgage requests for consideration. Approval, loan amounts and terms depend on the particulars of each transaction
About Assadi Private Capital, Inc.
Assadi Private Capital is a Canadian private lender specializing in short-term, real estate-secured financing solutions. The firm focuses on loan-to-value lending, flexible structuring and timely execution across a range of asset types, including residential, rural and specialty properties.
For further information, please contact us here.
Assadi Private Capital provides financing exclusively through licensed mortgage brokers and qualified industry professionals. This material is intended solely for such parties and is not directed to or for use by the general public.