Construction Mortgage in Langley
About Construction Mortgages in Langley
Choosing the right lender for your construction mortgage in Langley is crucial to your project’s success. With a good lender, ideal mortgage terms and sufficient funding you can easily make ends meet and take your project from a blueprint to a fully constructed property.
If you can relate to these scenarios, you've come to the right place! With Freedom Capital, our borrowers receive custom-tailored commercial financing solutions and quick approvals.
Why Should You Choose Freedom Capital?
Getting approval for your construction project can be challenging. This is because lenders often look at construction mortgages in Langley as risky, which leads to high interest rates and tedious approvals. Tired of delaying your project due to lack of adequate approval? Freedom Capital is here to help!
Our professional team of experts can help analyze your situation and put you in an open mortgage with a high loan-to-value ratio and bigger loan amounts. Contact us today to learn more!
How does a construction mortgage’s draw schedule work?
The draw schedule is the schedule created by the borrower and lender to mark the intervals at which funds will be released for the project to move forward. This is usually done after the completion of certain parts of the construction. For example, funds can be released after the lockup stage and then once again after the drywall stage.
Can I receive financing for 100% of my construction project in Langley?
At Freedom Capital, we can potentially fund up to 100% of your construction costs. The amount we can fund will vary depending on certain aspects of your project, such as the amount needed, the complexity of the construction, etc. Contact us to learn more.
Can I fund the land purchase with a construction mortgage in Langley?
Yes. You can fund various purchases with a construction mortgage, including but not limited to the purchase of the plot of land. Or take advantage of the land lift you achieved when rezoning.