Rush second mortgage for a newly built 6 unit industrial building. Client had bank financing lined up once final occupancy permit issued, but due to Covid there were delays at the City. Client required quick $500K equity take out to finish paying trades and carrying costs to avoid CPL’s getting registered on title. Freedom Capital provided quick easy financing and fully open term and no appraisal!
Rush closing of a commercial unit purchase @75% LTV. We were able to complete a rush commercial appraisal and fund the file by closing date.
Client looking to purchase a C-8 two story commercial building that is fully leased. The banks were unable to provide an approval in time for closing. The client wanted to make some upgrades and then seek financing with higher rental income due to renovations.
Our referral partner needed help with one of their clients. The client owns a hobby farm in an urban area. He ran a successful business (not farm related) and needed cashflow. He had a current second that he needed to renew. Our co-broker needed a fast solution as time was running out. We work with our exclusive lenders to obtain an approval within 48 hours and closed the deal in a week (and in a busy market!). Using our contacts to help our local partners and clients! Quick closing is no problem – we can help!
Out of province broker, called Freedom Capital to help source funds for purchase of a farm. We were able to obtain an approval with exceptions to down-payment that was coming from overseas.
$2.7M refinance loan over ALR land. Clients had previously gone through foreclosure. Despite the challenges of the type of land and credit history, were were able to secure a large loan to assist them with their future plans.
Rush Closing. We were able to obtain a quick closing in one with very competitive pricing.
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!
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!
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.
Side by Side duplex purchased for re-development potential. We were able to obtain a fully open term and our lender was able to hold the funds for a month as the two property had different closing dates.
Land assembly purchase in Kelowna for future townhouse development. Obtained competitive pricing and fully open mortgage to allow the client to refinance with a construction mortgage once City Approval in place.
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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.
