Broker Scenario #1 Purchase Land Problem:Client is looking to purchase a piece of land and build a home. The purchase price of the land was $60,000, and the client had $30,000 to put towards the purchase. The clients were turned down by the banks. Graysbrook Capital Solution: The broker called to see if there was…Details
Broker Scenario #1 Blanket Mortgage Problem: Client is looking for funds to pay substantial CRA debt. Insufficient equity in primary residence to complete the mortgage. Graysbrook Capital Solution: Client owns a second rental property with a small mortgage against it. Adding the second property to the scenario provided sufficient equity to complete the deal and…Details
Broker Scenario #1 Construction Problem: A 6-unit town house construction mortgage with 3 draws. Client ran short of funds near end of build. Broker had pre-approved take out well above our mortgage but only after the lien period expired. Graysbrook Capital Solution: We advanced another 10% and placed restrictions on the lien holdback. Broker Benefit:Client was…Details
SAINT JOHN’S (Newfoundland), January 19, 2016 – Graysbrook Capital, a licensed private equity mortgage lender based in Nova Scotia and New Brunswick announced today that it would be expanding its services to Newfoundland. The company, which is recognized as a leader in the Maritimes for providing private mortgage funding, has been operating in the three…Details
Joining our team in July 2015, Cindy Geldart brings with her 15 years of experience in customer service and accounting. Cindy also brings great organizational skills, an outgoing personality, and a friendly face to the Graysbrook Capital family.