The shovel-ready solution

Borrower required funds to refinance and bring the 85-acre plot of land, formally a golf course, to a “shovel-ready” status. Hillmount funded on the raw land value. Funds were advanced in stages to meet the conditions of the borrowers Draft Plan Approval. Upon Site Plan Approval, the property will be used to build a subdivision of approximately 380 single-family homes over two phases, as well as a mid-rise residential component in a future third phase.