Victoria, British Columbia — Assadi Private Capital Inc. is pleased to announce the funding of a $115,000 revolving business line of credit, secured by a second mortgage over a luxury penthouse residence located in downtown Victoria, British Columbia .
The facility has been structured as a revolving line of credit to provide the borrower with flexible access to capital as needed. The proceeds will be used to purchase business materials for a company specializing in high-end granite countertops and related residential finishing work. The financing is intended to support inventory acquisition and working capital needs as the business continues to expand its operations.
Assadi Private Capital structured the transaction to align the borrower’s operational cash flow requirements with prudent asset-based security. By registering a second mortgage against a premium downtown Victoria penthouse property, the lender ensured strong collateral backing while allowing the borrower to retain ownership and control of a high-quality real estate asset.
Revolving credit facilities can be particularly effective for businesses operating in the construction and home-improvement sectors, where material purchases must often be made in advance of project completion and payment collection. Granite countertop fabrication and installation businesses, in particular, require significant upfront expenditures for stone slabs, custom fabrication, transportation and skilled labour scheduling. Access to flexible capital allows such businesses to manage job pipelines efficiently and accept larger contracts with confidence.
This transaction reflects APC’s continued focus on disciplined underwriting, asset-backed lending and tailored financing solutions for Canadian entrepreneurs. By combining real estate security with business-purpose lending, APC provides structured capital solutions designed to support growth while mitigating risk.
About Assadi Private Capital Inc.
Assadi Private Capital Inc. is a Canadian direct private lender specializing in asset-backed real estate financing. The firm provides structured mortgage and credit solutions secured by residential and commercial real estate, serving borrowers who require flexible, responsive capital outside traditional banking channels.
For inquiries regarding private lending solutions, please contact us here.