Short-Term Stay

1st Mortgage Purchase and Improvements Loan Short-Term Stay in Grand Falls – Windsor, NL.

Our borrower, an Atlantic Canadian couple currently working in Alberta, is investing in short-term stay housing to generate equity and income for retirement. Short term stay properties often fall outside of traditional lenders’ comfort zones. Moskowitz Capital provided funding for both the purchase and renovation at 75% of the purchase price plus improvements at 11%, interest only and a 2.5% Lender Fee. The building’s cash on cash return before our mortgage payment was 26%! Once the renovation is complete the borrower will graduate to a conventional lender. In the interim we helped this borrower capture a fantastic opportunity.