T-Max Lending LLC provides $7,500,000 Capital loan in Ontario, Canada.

March 5, 2024

T-Max Lending LLC is pleased to announce that it just successfully closed a $7,500,000 commercial loan to a small business in Ontario, Canada. The loan proceeds will be used by the borrower for working capital purposes and the loan is secured by a second mortgage on real property at the company’s place of business in Ontario, Canada with an underlying LTV of approximately 75%. This company is a repeat borrower of T-Max Lending LLC. This loan was funded by one of T-Max Lending LLC private investors.

The borrower has a liquidity event that will occur within the next six months and the proceeds from that event will be used to pay off this loan in full. T-Max Lending LLC was able to fund this loan within one week.