Calgary, Alberta — Assadi Private Capital, Inc. is pleased to announce the successful completion of a first-mortgage financing secured against a waterfront cottage property located in Vermilion Bay, Ontario.
The financing was completed on a timely basis and is secured by a first-position mortgage over a well-maintained cottage situated on a waterfront lot in the Kenora District. The property serves as a seasonal and recreational residence, reflecting APC’s continued ability to underwrite and execute loans across a broad range of residential asset types, including rural and recreational properties.
“This transaction is an example of our disciplined, asset-focused lending approach,” said Alexis Shahriar Assadi, Director of Assadi Private Capital, Inc. “We were able to structure a solution that met the borrowers’ needs while maintaining conservative loan-to-value parameters and robust security. Waterfront and recreational properties can present unique underwriting considerations. Our experience in this segment allows us to assess and manage those risks effectively.”
The loan was structured to provide the borrower with capital to consolidate existing obligations, improve overall cash flow and position the property for longer-term financial stability. As with all APC financings, the transaction was supported by independent third-party valuation, legal due diligence, and comprehensive insurance coverage, ensuring alignment with APC’s risk management standards.
Assadi Private Capital continues to actively fund first and second mortgages across Canada, with a particular focus on situations requiring flexible structuring, expedited execution and clear, transparent terms.
About Assadi Private Capital, Inc.
Assadi Private Capital Inc. is a Canadian private mortgage lender providing customized financing solutions secured by real estate. APC specializes in first and second mortgages for residential, rural and select commercial properties, emphasizing creative financing, capital preservation and professional execution.
For additional information, please contact Assadi Private Capital here.