Committed to making your mortgage approval process stress free and efficient for over 25 years, Sunlite Mortgage is one of Toronto, Canada’s leading mortgage brokerages.
James is a seasoned real estate investor who continuously seeks opportunities to expand his portfolio using the BRRR mortgage strategy – Buy, Renovate, Rent, Refinance. He knows fast and flexible financing is essential to scaling his investments and maximizing returns. By leveraging real estate investor financing with quick approvals and funding, James ensures he can refinance efficiently and reinvest quickly, keeping his portfolio growing.
Recently, James found a detached home listed at $600,000 that required significant renovations. The property had strong rental potential, but its condition made it ineligible for traditional mortgage financing. He also had a couple of tenants for the property and was looking to access cash quickly to get his crew working on the property sooner rather than later.
💡 Challenge: James needed a mortgage solution that covered the purchase and renovation costs with a fast closing to secure the deal before another investor did.
James contacted Sunlite Mortgage, which offers FLIP and BRRR mortgages tailored for real estate investors, which allowed him to:
✔ Close in 1-3 business days after submitting the required documents (rush fee may apply).
✔ Put down as little as $20,000, leveraging financing based on the property’s after-renovation value (ARV).
✔ Access interest-only payments, keeping cash flow strong during renovations.
Sunlite Mortgage provided a Commitment Letter within one business day, ensuring a smooth and uncomplicated financing process.
James invested $80,000 in renovations, upgrading the kitchen, bathrooms, and flooring to enhance the home’s market appeal. Upon completion, the property’s value increased from $600,000 to $800,000, significantly boosting its equity.
After completing the renovations, James secured tenants at $4,800 monthly, covering his mortgage and generating positive cash flow.
💡 Key Benefit: A substantial rental income improved his eligibility for refinancing, allowing him to pull out equity for his next investment.
James refinanced at 80% of the new $800,000 property value, unlocking $640,000 in financing. This allowed him to:
✔ Pay off the original Flip/BRRR mortgage.
✔ Recoup the $80,000 renovation investment.
✔ Reinvest in another property and repeat the process.
The Outcome: A Profitable, Scalable Investment Strategy
Through Sunlite Mortgage’s BRRR financing, James:
✔ Built $120,000 in equity with strategic renovations.
✔ Created long-term passive income with a high-yield rental property.
✔ Recycled capital efficiently, scaling his portfolio without using additional personal funds.
At Sunlite Mortgage, we provide tailored FLIP and BRRR mortgage strategies to help real estate investors execute investment strategies efficiently.
✔ Fast approvals – Receive a Commitment Letter within one business day.
✔ Quick funding – Close in 1-3 business days (rush fee may apply).
✔ Loans based on After-Renovation Value (ARV) – Maximizing borrowing power.
✔ Pre-approval before purchase – Secure financing before making an offer.
✔ Fully open mortgages – No prepayment penalties for borrowers in good standing.
📌 Ready to scale your real estate portfolio? Contact Sunlite Mortgage today to secure your BRRR mortgage strategy and unlock new investment opportunities.
