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