Client purchased land for an potential multi family building last year with Freedom Capital. We were approaching their renewal months and wanted to touch base with the clients. The client had put an application for building permit and rezoning into the city and was 6 months away from presale. We worked with the current lender to renewal for another 6 months. We are working with the client to get another mortgage for servicing costs and bonds to the city and construction financing
We provide Land Financing solutions from Unzoned to Rezoned!
Are you looking for Land Financing?
Do these scenarios sound familiar? If so, Freedom Capital can help! At Freedom Capital, we meet our borrower’s requirements with custom-tailored land mortgages across Canada. Our expertise ensures you get the mortgage you need!
What is Land Financing?
ADVANTAGES OF CHOOSING LAND FINANCING
Quick and Easy Approval Process
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.
Obtain Higher Loan to Value Mortgages than the Banks
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.
Common Sense Lending
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.
Why Choose Freedom Capital for Land Financing
Funded by Us
11 Lot Subdivision Land Financing with 100% Servicing Costs
Group of investors required funds to complete on the acquisition of a large parcel with city approval for an 11 lot subdivision. We not only secured the acquisition financing, but also obtained sufficient funds to cover 100% of the servicing costs. This allows the clients to finish the subdivision with the same loan, save money and sell the lots thereafter.
100% Financing Option for Development Land Purchase
Client were looking to purchase another development property. We went through their portfolio and we were able to assist with the downpayment to provide 100% financing for their next investment property.
14 Unit Land Purchase with Approval in 2 Days
A fellow mortgage broker sent us this file as he was unable to help. Client were looking to purchase a 14 unit townhouse land site for $ 4M. Completion was coming up and they needed financing in place asap. We were able to get an approval within 2 business days and completed financing on time.
Refinancing for Servicing Costs for Bonds at City
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!
Financing For 4 Lot Assembly Project
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.
Mortgage for a Multi Family Purchase of a Development Site
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.
Land Purchase Financing
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.
Mortgage for a Quick Close on Land Assembly
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!
Refinance for Land Assembly for a Future Multi Family Development
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.
At Freedom Capital, we cater to a long list of clients across Canada. We believe everyone deserves the financing they need. Whether it be
- Agricultural land
- Recreational land
- Lot or raw land
- Vacant land
- Single Family Lots
- Multi-Family Lots
- Or any other type of land
Freedom Capital can provide you with the land financing you need.