construction loan

Get up to $50,000 within 48 Hours!

Construction loans are requested by clients who have purchased or will purchase a property, either with a structure already on the property or vacant, and who wish to renovation or build. Typically, the client will provide drawings and an appraisal in order for the lender to ascertain the amount of the loan.

It should be noted that once the client is approved for a construction loan, the funds are not advanced in one lump sum. Rather, funds are advanced in draws depending on defined criteria of completion. For example, 20% may be advanced to the client upon closing, another 25% may be advanced when the foundation is laid, another 25% when the project is framed and another draw when the roof is completed. Sometimes an inspection by the lender or the lender’s representative is required after each stage is completed.

The number and value of each draw will be agreed upon by the lender and the borrower.

Call us today to speak with a specialist to create a plan that is right for you!

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  • Construction loans  Toronto

    CONSOLIDATE HIGH INTEREST
    CREDIT CARD DEBT

  • Construction loans  Brampton

    Home Renovations

  • Construction loans  Mississauga

    Pay off income tax arrears

  • Home equity loan Toronto

    Pay off property tax arrears

  • Subprime mortgage Brampton

    Raise capital for a business venture

  • Subprime mortgage Mississauga

    Vacations and retirement

  • Bad credit Loans Toronto

    Purchase another property

  • Bad credit Loans Scarborough

    Unexpected expenses

  • Recently Funded Transactions

    $750,000

    Second Mortgage

    $349,000

    Bridge Loan

    $1,250,000

    First Mortgage

    Construction loans Toronto

    Construction loans Brampton

    Construction loans Mississauga

    Contact

     1206 Centre street Suite 207 Vaughan, Ontario L4J3M9

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