Recently Closed: 100% Financing for a Fix & Flip in Moncton, New Brunswick
Keystone MIC recently funded a Fix & Flip transaction in Riverview, New Brunswick, demonstrating how thoughtful structuring and strong real estate collateral can help investors move forward—even when traditional lenders may hesitate.
This deal highlights how alternative financing can unlock opportunities for experienced real estate investors navigating income complexity, credit challenges, or timing issues.
The Scenario
The borrowers are experienced real estate investors who previously completed a successful flip with Keystone. After identifying another opportunity in Riverview, they needed financing to purchase the property while transitioning from their current owner-occupied home.
Their plan was straightforward:
Purchase the new property
Move in with their family
Renovate the property
Sell their current owner-occupied home
Complete renovations and list the subject property for sale
The project timeline and exit strategy were clear, but qualifying through conventional lenders presented challenges.
Borrower Profile
The borrowing team consisted of:
Borrower 1:
Licensed realtor
Average credit score
Credit impacted by high utilization and a credit card settlement in 2022
Borrower 2:
Self-employed contractor (5 years)
Average credit profile
Reporting modest taxable income
While the borrowers had strong real estate experience, traditional lenders would likely have struggled with income qualification and credit profile requirements.
The Keystone Solution
Keystone Capital structured the transaction using a multi-property collateral approach.
The loan was secured with:
1st mortgage position on the subject property in Riverview, NB
2nd mortgage positions on:
Their current owner-occupied home in Riverview, NB
An additional property in Salisbury, NB
This structure allowed us to provide:
$365,000 total loan amount
100% of the purchase price financed
65% combined loan-to-value (CLTV) across the portfolio
By leveraging the strength of the borrowers’ overall real estate holdings, we were able to mitigate income and credit concerns while allowing them to proceed with the acquisition and renovation.
The Outcome
This transaction marks another successful deal with a repeat Keystone client and another example of how creative structuring can help investors continue growing their portfolios.
At Keystone, we look beyond surface-level metrics and focus on the strength of the real estate, the borrower’s experience, and the exit strategy.
Have a Similar Deal?
If you have clients with strong real estate assets but complex income or credit situations, Keystone Capital is always open to reviewing opportunities.
We specialize in helping brokers and investors structure deals that traditional lenders may not accommodate.
Let’s keep the deals moving.
