Construction Mortgage in Vancouver
How Does a Construction Mortgage in Vancouver Help?
When constructing or renovating your property, a construction mortgage in Vancouver is a great solution for you. With a builder mortgage you can fund:
Are you looking to take advantage of:
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.
Get a Freedom Capital Vancouver Construction Mortgage
Freedom Capital is a unique mortgage brokerage determined to provide clients across Canada with the alternative and commercial mortgage solutions they need. Over the past decade, we have established a position in the mortgage market with our unique solutions, custom mortgages and quick approvals in as little as 24 hours*.
If you are looking for a construction mortgage in Vancouver BC, Freedom Capital can provide you with the solutions you need.
Construction mortgages work in draws. Draws are payments made by the lender in instalments and are typically issued after the completion of a milestone.
A Typical Draw schedule is:
- Lock up – 50% Completion
- Drywall – 70% Completion
- Finishing – 90% Completion
- Occupancy – 100% Completion