Land Financing in BC
Land Financing in BC
When looking at purchasing land, financing should be one of your top considerations. With the right land mortgage in BC, you can seamlessly fund the purchase, development and/or construction of your parcel. When looking at financing, some lenders have hurdles to jump through for unzoned or rezoned parcels. We can help with:
Banks and financial institutions have limited mortgage options catering to vacant and raw land. If you are a land mortgage borrower in BC outside of the conventional lending box, an option is to acquire the funds you need via private financing.
Private land mortgage lenders offer custom solutions and higher loan to value amounts than banks. We work hard to ensure we have the best possible solution for every client. Are you looking to go from unzoned to rezoned? If so, Freedom Capital is the lender you need!
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.
Freedom Capital’s Unique Solutions For Borrowers in BC
Land loans are different from other mortgages. If you approach a typical lending institution, chances are your land financing needs will not be satisfied. This is because most lenders and banks offer basic land mortgages. At Freedom Capital, we provide land mortgages in BC for:
Freedom Capital strives to aid land borrowers across Canada with our unique and custom mortgage offerings. If you are looking for a mortgage that checks all the boxes and is easy to meet, Freedom Capital is here to help!
With a land mortgage, you can finance:
- Raw land
- Vacant land
- Improved land
- Unimproved land
Raw land is usually the most challenging land to finance in British Columbia. This is because banks and other financial institutions consider it risky and refuse to offer a raw land mortgage in BC.
If you are looking for finances to purchase land and construct on it, a land and construction loan should be your go-to. With a land and construction loan, you can fund the purchase of your parcel and have enough funds remaining to construct your desired real estate.
There are several ways to fund a land purchase in Canada. You can opt for land loans, a line of credit, HELOC, construction mortgage, personal loan, or seller financing. The financing you choose should depend on the funds you need, the reason behind your purchase, and your plans for the land. However, if you are looking for a mortgage on bare land in BC, a land mortgage is your best bet.