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Private Lending & Conventional Mortgage Advice

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31
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Nathan Boulet
  • Timmins, Ontario
6
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31
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Is there a financing solution for this?

Nathan Boulet
  • Timmins, Ontario
Posted Jun 3 2014, 02:51

I bought a fourplex in Dec.2013 for 100,000 and put 20,000$ down. I obtained a private mortgage @ 10% for 80,000$. My building later appraissed for 183,000$. I have a 5yr term with the private lender that really just started. Is there any way to access the equity in this building or am I dreaming in color?

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