PrimeWest Mortgage Investment Corporation announced that it has obtained an additional $500,000 of financing made available to it by 1621 Albert Street Development Corp. making the total secured debenture financing in the sum of $1,500,000 with a maturity date of July 31, 2017. Since June 2016 PrimeWest has recovered through mortgage payouts, sale of redundant assets and foreclosure proceedings the sum of $2,367,000. The Line of Credit with Conexus Credit Union has been paid down $2,894,000 with the balance as of December 31, 2016 being reduced to $4,321,000. Committed sales for two foreclosed properties exist, wherein as of March 31, 2017 proceeds in the sum of $164,000 are to be received.