05/19/2026
A very famous and experienced mortgage broker assisted a client in getting a $3,000,000 private loan at 10% on a property owned in their personal names. This loan has now been on the books for the last 3 years, and the client still cannot qualify to get out of it.
The problem was the broker had no experience with corporate structuring and did not understand the high-level lending systems inside the banks versus the limited contracts they had direct access to as a mortgage broker.
This has cost the client:
$3,000,000 × (10% − 4%) × 3 years
= approximately $540,000 in excess interest
Approximately $600,000 in salary paid out personally in order to support a $25,000/month mortgage payment structure
= creating massive unnecessary personal tax exposure and retained earnings leakage
Total estimated damage:
≈ $1,100,000+
This is the cost of not understanding:
1. Corporate structuring
2. Commercial Banking
3. Private banking
They also currently owe approximately $350,000 to CRA.
I’ve now referred this client to the right people, and we are beginning to put together a plan to solve this.
The beginning of the solution:
Move that property into the corp structure
1. Fire their current accountant
2. Fire their current mortgage broker
3. Introduce elite private banking and commercial banking
4. Introduce elite accounting
5. Introduce elite mortgage broker who understands private and commercial banking
6. See if it's possible to reverse dividends from years previous
This is just the beginning to solving this problem.
The reality is the client never actually had a borrowing problem.
They had:
a structuring problem
a banking problem
a tax planning problem
and an advisory problem
At higher wealth levels, small structural mistakes become million-dollar problems.
Call now to connect with business.
