Financing for Home Completion

The borrowers, self-employed business owners, were halfway through constructing their home when they ran out of funds to complete the project. With construction already underway, the challenge was to fund the remaining build costs while keeping the project on schedule and avoiding disruption. We provided a customized solution that covered the remaining hard costs and included an interest reserve. This ensured the capital needed to complete the build with confidence and maintain cash flow during construction. Once complete, the borrowers plan to refinance with a traditional financial institution.