Commercial Financing
Freedom Capital is your Best Alternative to the Banks!
Are you looking for Alternative Financing outside the conventional lending box?
- Need to fund multiple projects?
- Need up to 100% mortgage to cost ratios?
- Looking for Quick & Easy financing?
- Need funds for shortfall in your current project?
- Bank Declined Your Construction Mortgage request or approved for a lower amount?
- Current mortgage provider taking too long to get you an approval?
If any of these apply to your situation, then you’ve come to the right place. At Freedom Capital, our financing experts create custom-tailored solutions for every individual borrower’s needs with quick and easy approvals.
Client Testimonials
Why Choose Freedom Capital for your Mortgage
Freedom Capital was founded in 2010. Today, we operate as one of the largest National brokerages solely dedicated to the alternative and commercial mortgage market in Canada. Our team of specialists have combined experience of over 35 years in the mortgage lending industry.
Freedom Capital Provide builders and Developers a reliable ALTERNATIVE source of Project Financing – from the first draw to the last. Our knowledgeable team takes your project from un-zoned to finished construction project.
- Recently Funded to Date – $ 290,000,000.00
- 24-48 hours Approval possible *
- Licensed in British Columbia, Ontario and Alberta (Urban Areas)
- No Downpayment options – using your existing equity
FAQ
Draw mortgages are organized before the construction starts. This mortgage is filed under the name of the constructor right from the beginning.
Draw mortgages are mostly stated as progress draw mortgages. The reason being that the constructor will “draw” progressively on the mortgage during the course of the construction project.
The funds are provided at intervals to the builder by their trusty mortgage service providers as the property gets built. The time period can fluctuate, but mostly, the funds are provided in the following draws:
a) Lockup stage
b) Drywall stage
c) Finally, at possession
Freedom Capital has access to lenders that have a ‘no limit’ on draw advances. We’ve structured deals where the borrower has access to a draw on a monthly basis.
At the time of each draw, you are required to submit your Progress Inspection Report. It is a report that shows the amount of sufficient progress that has been made. When your mortgage services provider is satisfied with the report, they provide the funds as decided for the next draw.
Progress draw loans are favored by home builders for the reason that it permits them to obtain some parts of the finances at the time of the predetermined property building process. In order to acquire draw mortgages, you will need to head over to your loyal and genuine mortgage solution provider to get verification for your property construction to commence.
The advantages of choosing the option of progress draw financing are plenty. The builder is in a position to control and handle their cash flows effectively. Once the inspectors approve, the funds for the next draw gets approved.
If you wish to know more about draw financing, contact one of our specialists and consultants to help you with your construction financing needs. We will only be happy to help you out.
If you are unable to afford the funding required for your home renovations, you can always see your reliable and loyal mortgage services provider. If you choose to go to the right mortgage solution lender, they will not let you down.
If you wish to know more about renovation loans, contact one of our professional consultants at Freedom Capital to help you with your financing needs. We will only be happy to help you out.
An acquisition and development mortgage is an advancement of finances protected by the loan to fund the installing or construction of the necessary improvements in the real estate for the raw land to be converted into a construction-ready site.
Acquisition and development financing is generally utilized for purchasing property and then the necessary subdivisions and improvements are spent on it. Normally, a percentage of the mortgage is spent towards acquiring the land and the rest of it is kept for its improvements. These enhancements and developments can be in the form of installing sewer lines, constructing roads, grading or subdividing of lots. An adequate part of the development loan is also kept for contingency reserve.
The development loan may be accepted in circumstances where the borrower uses a collateral, for instance, a mortgage on their real estate as a way of acquiring funds.
Talk To Your Skilled Acquisition and Development Financing Mortgage Solution Provider
If you decide to venture into a development project, don’t leave it to a chance. If you are having trouble arranging financing, talk to a professional and experienced mortgage solution provider like Freedom Capital. We will do our best to assist you in finding the right kind of loan for your development plan.
If you wish to know more about development financing, contact one of our professional consultants at Freedom Capital to help you with your financing needs. We will only be happy to help you out.
Contact one of our qualified representatives at Freedom Capital to learn how we can be of service to you.
There are various reasons why borrowers tend to turn to a mortgage solution provider, such as FreedomCapital, then to a bank. In this day and age, more and more people have come to realize that the right way to go for a mortgage is through a mortgage solution provider.
Here are a few reasons why you should consider Freedom Capital as your mortgage solution provider:
1. We will put our focus on finding the best option for you
You will be amazed at the vast range of options you are presented with. We are dedicated to finding out the best and personalized choice that would suit you perfectly.
2. We will help find out the right solution in a challenging situation
In case you find yourself in a difficult or unusual situation that you are not able to handle by yourself, don’t hesitate to contact us. We will go through deep ends to find out the right and correct solution that will immensely help find the right solution for you.
3. We give our expert advice regarding the right construction loan for you
With most banks, their loan choices will be restricted to their offerings. Freedom Capital will look into and evaluate your monetary qualifications. We will take the time and discuss your goals and then give you our recommendations keeping your best interests in mind.
If you wish to know more about construction mortgages, contact one of our professional consultants at Freedom Capital. We will only be happy to help you out
