Land Financing in Toronto
Land Financing in Toronto
- Are you looking to invest in undeveloped and/or raw land in Toronto?
- Do you need to purchase a new parcel of land for your dream home?
- Were you rejected because of your unrezoned land?
- Looking to purchase single-family and multi-family land parcels?
- Looking for your next project?
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.
Client Testimonials
Why Freedom Capital?
- Purchasing raw land
- Land servicing and utility cost coverage
- Unrezoned land
- Zoning or rezoning of a plot
- Purchase of single-family or multi-family land parcels
FAQ
Land loans are considered to be riskier than other types of mortgages or loans so lenders typically need a bigger down payment and seek to collect higher interest rates. This is because a bare lot is considered a riskier investment than a pre-existing property. Larger down payments ensure that the borrower has more equity in the property, making the lender’s investment more secure.
A land loan is used to buy bare plots of land such as a vacant lot or a small area. You can either construct on the land you bought, renovate it, rezone it, or keep it for future development.
To acquire land financing in Toronto borrowers usually need to have a minimum credit score of 660.
If you work with a bank or credit union you will likely have to go through credit checks and submit paperwork for weeks before your application is finally accepted, that is to say, you meet all of their stringent requirements.
However, with Freedom Capital land financing in Toronto can be made quick and easy! We believe in providing our borrowers with the financing they need without forcing them to undergo strict procedures. Contact us today to learn more about our streamlined methods!
