$5.5 Million high end luxury home financing. Client was looking for a new lender that would offer better renewal terms. Freedom Capital secured a lender with hassle free renewals with a minimal flat renewal fee.
Title of Heading
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.
From Land Assembly to Subdivision
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.
Closed in 3 days
$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.
Construction Foreclosure Rescue
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
1 Day before Court sale!
Foreclosure Rescue! Client had only days left until a sale on his property was going to be presented at court. This was the absolute last chance to save his home. Freedom Capital obtained a fully open mortgage prepaid for one year.
Clients are AAA with excellent 800 + beacons. Both earn over 400k per year collectively. Client runs a successful concrete supply business and in the construction industry. The client’s current principle home is for sale and will be using the proceeds for construction and pay down the current mortgages once construction is complete.
Take Out Financing Rescue
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.
Eight Storey Commercial Building
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.
70% Loan to Cost for a Build
Client were looking for construction funds for a single family build. Banks were asking for all equity up front. We were able to minimize the equity injection and client use those extra funds to buy the next project.
Construction Financing for High End Home
100% construction costs financed for a high end home. Client was able to purchase a large lot with minimal down payment and with the help of Freedom Capital secure construction financing without having to put any more money into the project.
Equity Take Out Funded in 48 hours!
Equity take out funded in 48 hours! Client needed money to complete a construction project. He provided his own personal residence property and Freedom Capital was able to secure a hassle-free 2nd mortgage giving the client access to his equity. Client will be able to pay this 2nd mortgage off penalty-free once he completes and sells his project