The construction loan draws are advanced once the borrower can confirm, through an inspection, that the construction has reached a stage where there is sufficient value in the property to justify the amount advanced.

We understand construction and how important it is to meet all payment timeframes. Suppliers and trades may refuse to provide material and services until paid or may even be forced to utilize their right to file a trader’s lien on the property to protect their interest.  With our experience and expertise, we will make the process easy for you.

All construction draws have a 10% lien holdback.

There are inspection and legal fees of about $500 for each draw to cover the cost associated with conducting the necessary searches of title and covering legal costs to advance the draw. At least 5 business days are needed to arrange for an inspection and the legal procedures before funds could be advanced.

construction financing, whatever form of it is required at any one time, and by concentrating our efforts in one particular geographic area, we are able to maintain the necessary lender relationships to achieve this.

Whether your project is residential or commercial, industrial or mixed use, housing development or apartment complex, new construction, addition, or renovation, we have the institutional and private funding sources that can not only finance all these types of construction projects, but also a broad spectrum of credit profiles and borrower requirements.

Lenders can be very selective with the projects they approve and the terms and conditions they extend.

If you want construction funding in place, for the amount you require, in the time you’ve got to work with, for the best available rates and terms, you’re going to need someone selling the merits of your project that knows what they’re doing.

Our construction loan programs include:

Land Purchase Loans
Undeveloped bare land, partially developed land, serviced lots, unserviced lots, single lots, multiple lots.

Site Development Loans
Landscaping, roads, sewers, and other infrastructure.

Building Construction Loans
Home renovation, building addition and new construction for residential or commercial applications.

Construction Bridge Loans
Covers funding shortfalls near the end of a project unmet by the building construction loan.

Condo Inventory Loans
Provides additional capital after construction to cash flow the project until condo registration is received.

Long Term Take Out Loans
Long term mortgages that payout construction loans once an occupancy permit is received.

Mezzanine Loan
Quazi form of equity financing secured by the project and utilized to cover off the equity requirements of the senior construction loan lender.