Can you get a mortgage for land with quick approvals, relatively less paperwork and simple terms? If you are working with Freedom Capital, the answer is yes! We are a national mortgage brokerage dedicated to providing borrowers with the alternative and commercial financing they need. At Freedom Capital, you can get your land mortgage approve in as little as 24 hours*. Whether you need a mortgage for vacant, unzoned, rezoned or improved land, Freedom Capital can help.
New lending rules and current trends in the mortgage market are making it increasingly hard for borrowers to obtain conventional land financing. At Freedom Capital, we provide a higher loan to value than banks*. We also offer land lift options when you go through the rezoning process.
Freedom Capital is known for its common-sense lending approach. Our unique lending options and prominent position in the market has made us the ideal choice for any borrower. We deliver immediate funds to our clients with progressive solutions, flexible underwriting and common-sense lending. Our unique model makes Freedom Capital the mortgage provider you need.
A ‘Lot’ is a land that is semi-developed and loaded with basic utilities; sewer, roads, water, electricity.
Raw land is a plot of land in its most natural state. It is an undeveloped and uncultivated plot with no manmade improvements. Getting a raw land mortgage can take longer than others due to the documentation required for land improvements.
At Freedom Capital, we value our client’s time, money and energy and strive to provide you with simple terms of payment and instant access to the money you need.
These mortgages are acquired for the construction of a building/project on the mortgaged land. Freedom Capital understands that construction financing is used to take your ideas and make them a reality. We grant instant land and construction financing to those who are looking for solutions and surprising tailor-made options.
Client is currently in the last rezoning stages for his 4 tower high-rise project. He needed funds for servicing and city bonds. We were able to secure quick funding so he could post bonds with the city, cover soft costs, interest reserve, and fees to move forward on the project. Once the site is serviced, our next step is construction financing, which we have a few lenders already showing interest!
A client was looking to buy a 4 lot land assembly for a future multi-family site. However, one lot closed in a week and the other three a few weeks later. So we had to work quick!!
We worked with our trusted lenders and lawyer partners to get him enough funds to close so he wouldn’t lose out on his investment. We also closed the other three lots and allowed him to start the rezoning process.
Land deals are hot right now! But lenders are slowly pulling back on the land financing options. We can help. We have options for you and your investment partners.
The client was looking to complete a multi-family subdivision (townhomes and single family homes). This was a lucrative deal, as all zoning was in place. Once they took possession, the client could market the single family lots and achieve enough equity to build the remaining townhomes. They knew they had to move fast on this opportunity, so they reached out to us as their trusted partner. We were able to obtain the 1st Mortgage for land-only financing of $ 7M with highest loan to value available in the market.
Land money is as scarce as available development land – ask us how you can use our trusted connections to find what you need and get the financing you require.
While vacant land is hard to find, sometimes financing for the land is hard to find too! Our client reached out to us, given it was difficult to obtain land financing due to the current market conditions. We reached out to our trusted lending sources and obtained a competitive offer for them in today’s market. The clients were able to close under a holding company with several partners. Next steps: working with the city on rezoning the project for a multi family construction.
We have many trusted sources of financing that we built over 12 years. Trust us, we are the experts when it comes to your land and construction financing needs.
Our client needed funds, fast! They had an opportunity to close on 2 lots of a 4 lot assembly. The client purchased the 2 properties under market value (in a hot market). Once they close, the remaining two lots – this assembly (which closes in 6 months) will be worth over $150,000,000.00. WOW! We always strive to help our clients MAKE MONEY when they NEED MONEY!
Worked several months with a client that was buying three lots for a land assembly for a future multi family development. They will hold onto to the property and generate income via Airbnb until they are in the advance stages of rezoning. We helped the client set up quick and easy funding. Once he establishes his income, he will refinance with the banks. Once rezoning is closer to completion, he will touch base on his land and construction financing needs.
We don’t talk about just today’s financing needs. We look at the whole picture – years from now.
Need expert advice? https://www.freedomcapital.com/apply-now/ or speak with a representative 1-866-944-7778.
*Some conditions apply
“””One client was looking to close on a mixed use building that was already rezoned, but the property wasn’t being used to its highest potential. They saw an opportunity, moved quickly and got funding to work on a great new project! The client plans to rent out the building for future holdings once constructed.
We understand and see your vision! Ask us how we can create a multi-step program to achieve your development goals.”
Client was looking to complete on a 10 unit townhouse site. We were able to get them a high loan to value and help them move to the next phase of rezoning. But, it doesn’t stop there! We are already in talks for funds for servicing and construction.
Client has a holding property that was being rezoned for a townhouse site. They invested their funds in the purchase of the property and carrying costs. They are now ready to post bonds to the city and start servicing the site. We were able to get enough funds to pay for the rezoning costs & servicing, and no payments for 1 year until they are ready for construction financing.
We think about your cashflow issues AND keep your project going.
A client was competing on the last three lots for assembly for a future townhouse site. They were looking for a fast turnaround and we got an approval within a few days of receiving all the documents. We were able to obtain a 1 year mortgage of $3.28M that will mature right before rezoning would reach 3rd reading. One year from now, we will assist with the construction financing.
We are very happy to work on a detailed financing plan for all your projects: from un-zoned to rezoned to construction.
At Freedom Capital, we cater to a long list of clients across Canada. We believe everyone deserves the financing they need. Whether it be
Freedom Capital can provide you with the land financing you need.
Freedom Capital provides Land Financing in several cities and provinces in Canada. The list include:
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Disclosure : Applying for a mortgage does not guarantee approval for the mortgage. No Upfront fee is applicable for the mortgage however processing Fees may apply. APR can vary depending on mortgage amount.
