Renovation Loan

1st Mortgage Renovation Loan Commercial/Residential Building in St. John’s, NL.

A long term owner of a historic commercial/residential building decided it was now time to renovate, bringing the condition of the premises up to modern standards. Through a mortgage broker, Moskowitz Capital provided a term loan to give the owner enough working capital to complete the full renovations and focus on obtaining tenants. As an active lender in St. John’s, Moskowitz Capital knew the area and were able to quickly provide a ‘yes’, allowing the owner to stay on schedule.