$1.87M Bridge-to-Bank Private Mortgage in Langley Secures $2.74M Home and Protects $411K Deposit

Client: Real Estate Investor, Langley 

Property Value: $2,740,000 CAD (Presale Purchase) 

Loan Amount: $1,870,000 CAD (Private Bridge Mortgage, Refinanced to Bank Loan)

Our client had committed $411,000 in deposit payments toward a Langley presale home. With multiple active investment properties and an urgent need for an additional $459,000 to meet the down-payment requirement, their financing plan collapsed just weeks before closing.

Traditional lenders were unwilling to increase exposure, placing the client at risk of losing their deposit and potentially defaulting on the purchase.

We structured a private mortgage bridge loan of $1,870,000 at 9.49%, securing funds within days and absorbing the private mortgage lender’s 1% origination fee to protect the client’s cash flow.

Immediately after closing, we transitioned the full loan balance into a chartered bank mortgage at Prime + 0.25%, implementing a smooth bridge-to-bank financing strategy that dramatically lowered the client’s cost of borrowing and established a sustainable long-term financing solution.

Our swift intervention, through effective bridge financing, protected the $411,000 deposit, prevented a last-minute default, and ensured the client secured their dream Langley home with optimal financing terms.

Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.

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