Private funds to close then off to the bank

I had a chance to visit with a new client today (courtesy of the Royal Bank) who was looking to purchase a mixed use property in rural Alberta.  The property has a commercial component and a residential component.  Tenants have been found and will be in place later this month – income to service the debt in place.  The client has to close at the end of this month and came to see me knowing that he had limited options. Continue reading “Private funds to close then off to the bank”