Mid-construction Funding
Loan Priority
1st Mortgage
Loan Amount
$1,350,000
Loan to Value (LTV)
33%
Loan Purpose
The borrowers required additional capital to continue construction of their residential property, which was approximately 33% complete at the time of funding. Having already invested significant personal capital into the project, they needed a flexible financing solution to support the remaining stages of construction. We provided a flexible construction loan that enabled the project to move forward seamlessly, with funds available as construction progressed. Upon completion, the borrowers intend to refinance with a traditional financial institution.
Location
Maple, ON
