Canadian Student Rental Refinancing
Hi Canadian BPers
Our mortgage broker somehow forgot the property we're attempting to refinance is a student rental and now can't promise the 80% cash out refi, or any refi, that we have been banking on and which we intended to use to fund the acquisition of another property that is already under contract and closes in two weeks.
Does anyone here work with lenders or mortgage brokers situated in Canada which lend specifically on student rental homes at anything above 65% LTV at semi-reasonable rates?
Thank you all,
Shawn