We arranged a $ 178M Construction Facility Loan to build a 46 Storey Residential/Commercial Tower. We were able to obtain 90% loan to cost. Funded within 1 month after approval. At competitive rates!
Client’s eight storey commercial building was under construction. They had about 70% of their units leased and 28% into construction. They were looking at their cashflow and knew that the financing in place would bring them close to finishing but not all the way. As a trusted mortgage partner, they seeked out Freedom Capital to provide options to see what we could do. Freedom Capital was able to reduce their personal exposure on the project and obtain more funds including tenant improvements.
We had been working with a client during their rezoning process for a 42 unit townhouse site. The project had began pre-sales and the client wanted to start the servicing and construction process right away. We were able to obtain high loan to cost ratios and pull out some equity from land lift due to rezoning. A construction mortgage of $32,000,000.00 on a draw basis was approved!
We got you covered from land acquisition to construction!
Local builder was looking to purchase a 41 unit townhouse site in an ever growing city. Client were looking for fast financing as the banks didn’t come through. We were able to obtain an approval within 48 hours. We are now working on obtaining a servicing and construction loan prior to presales being obtain. Another way, Freedom Capital gets the deal done.
Client was looking into invest in a land assembly project consist of 7 parcels. We were able to obtain financing for all seven parcels with different closing dates at competitive rates. After purchase was complete, we obtained servicing financing so client could presell their lots with an option to build. We take you from purchase to construction.
Client was facing delays at the city for their 16 unit Townhouse project and waiting for occupancy permit. Their construction was up for maturity but they only needed a few months to finish completing on sales. We were able to finance take out financing with open terms and a small discharge fee for each unit saving the clients thousands of dollars of renewal fees and discharge fees.
Client was looking to build a large high end home and was short of construction funds. He needed to finish and flip as he had upcoming projects that needed equity. Due to the shortage in trades and higher cost of materials, we were able to obtain more funds to finish the construction and get funds for the next project.
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!
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.
Freedom Capital obtained sufficient funds for a 1st mortgage financing to complete the purchase & construction of a new single family home construction.
$4 Million land and servicing loan funded in 3 days! The client’s local lender backed out at the last minute requesting presales. Same day approval.
High 75% loan-to-value construction foreclosure rescue on 2 homes! Builder had unforeseen cost overruns. This new refinance not only saved the client’s properties/equity but client will make more money in this current busy market
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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.
