Multiproject Option

Features

  • Re-borrow principal up to the initial loan amount
  • Eligible for a loan already secured by a real estate or chattel mortgage
  • Similar or different project as the initial loan

Advantages

  • Re-borrow all or a portion of the principal repaid
  • No additional fees for the taking of security
  • Can be used more than once after the loan has been repaid in full
  • Diversify the risk associated with fluctuating interest rates with the Managed-Rate Option

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