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!
Types of Land Mortgage Financing:
Freedom Capital is a recognized name in the private financing industry in Canada. We deliver fast, easy and instant access to money even to the most challenging cases. Over the years, we have been helping individuals and real-estate developers acquire land financing with easy repayment terms and schedules. If you are looking to acquire land financing, the first step is to understand the type of land and mortgage you need.
Lot or Raw Land Financing
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.
Land and Construction Financing
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.