Sunlite Mortgage offers secondary financing solutions for mixed-use properties, providing borrowers with access to capital while avoiding penalties associated with breaking a first mortgage mid-term.
Secondary financing serves as an attractive alternative to refinancing, allowing borrowers to leverage the equity in their property to fund various objectives such as acquiring another asset or undertaking renovations and repairs. Borrowers who already have a first mortgage on their property may also be eligible for secondary financing on the same property.
When considering secondary financing for mixed-use properties, Sunlite Mortgage takes into account several key factors. These include the property’s strong operational history, quality, and location, which contribute to its overall value and potential for growth. Additionally, we assess the borrower’s liquidity and net worth, as these factors demonstrate financial stability and the ability to meet repayment obligations.
Our empowered advisors are available to guide borrowers through the process of obtaining secondary financing for their mixed-use properties. We provide personalized assistance to assess options and determine the best course of action, ensuring that the financing solution aligns with the borrower’s specific needs and goals.
Contact Sunlite Mortgage today to explore the possibilities of securing secondary financing for your mixed-use property and unlock its potential for further growth and success.
