Construction Mortgages

Construction, Renovation, and Development

We fund construction loans, on a cost-to-complete basis for the following:

  • Single family and custom home construction and renovation loans
  • Town or row house development
  • Infill and subdivision residential construction loans for freehold and condominium projects
  • Commercial construction including industrial, office, and retail
  • Mixed-use buildings
  • Vacant land loans for residential and commercial sites
  • Land servicing
  • Mid-rise and high-rise condominiums
  • Building conversion projects
  • Equity and mezzanine loans

We will consider collateralizing additional properties or assets where a loan is required beyond our normal loan-to-value (LTV) guidelines. The structure of construction mortgages vary according to the borrower’s requirements. We’re able to customize our construction loans to address a borrower’s specific requirements.


Where we lend:

  • Ontario

What we offer:

  • Loans between $500,000 to $15,000,000
  • Term 1 to 15 months | Renewals available
  • Negotiable, interest-only, or principal and interest
  • Flexible prepayment options
  • Streamlined draw process to meet the timely funding requirements of borrowers
  • LTV on construction up to 65% of the as complete appraised value
  • LTV on land development up to 50% (Flexible on near-complete developments.)

What we require:

  • Application, credit bureau, appraisal, drawings, budget, building permits, environmental reports (if applicable), other consultant reports as required.