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.
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Construction Loan for a Single Family Home in Less Than 24 Hours
Construction loan for a single family home in the Okanagan. We had the loan approved in less than 24HRS and quick funding to get the project going right away.
7 Custom Home Single Family Construction Financing with No Further Equity Required
Client were finished up servicing requirement for their 7 custom home subdivision. They have already had presales completed and injection all their equity in the front end cost of the subdivision. Completion of these homes were less than 8 months away. Clients needed a plan of action! Freedom Capital was able to obtain high loan to cost ratios to build all 7 homes and no further equity injection was needed. They seamlessly went to draw to draw and were able to complete all presales on time and on budget.
Single Family Refinance due to Cost Overruns?
Our client’s project was 90% complete on their single family build. The client was facing delays and cost overruns due to cost increases in the market for labour and supplies. Thankfully, we were able to obtain enough funds to finish his build and give him interest reserve until he can sell on the open market!
Financing for Single Family Construction with Advice
Clients were seeking funds to start their construction process for a single family residential home. We spent several conversations, going through what are the next best steps on tearing down their home and building. We put a plan in place, got them funds to get engineering drawings complete and get up to lock up.
NEXT STEP: Construction financing. We helped this client get ready for what to expect from conception of their new home to occupancy. You want to build, but don’t know where to start give us a call 1-866-944-7778.
*Some conditions apply
Refinancing Single Family Construction for Last Draws
A client was building a single family residence when he ran out of funds due to supply chain issues and the rising costs. We were able to get him funds within a week of approval and help him complete the project on time for his sale!
We help you move your building business to the next level
Multiple Project Construction Financing
Client had one project on the go and the banks advised, once they were closer to occupancy, they could lend on the next project. All developers are looking for the next project, next piece of land and sometimes get shut down because of the amount of projects on the go. We can help! Our lenders don’t have restrictions on how many projects you have on the go. We got funds ready for the next project and client has already started!
Single Family Construction Financing with No Equity Upfront
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 Foreclosure Financing with Same Day Approval
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.
Spec Home Construction Financing with High Loan to Values
Small town construction? No problem, we’ve got you covered! Freedom Capital was able to finance 70% loan to cost for a construction of a spec home located in Prince George. This freed up clients equity for a new investment opportunity
Single Family Construction Refinance due to Unexpected Construction Costs
Our client was in progress of building their dream home. They were already 6 months into the process when unexpected costs of the construction started piling. They assumed their current construction mortgage would cover the overruns but quickly ended up needing more funds. We worked with a reputable appraiser, and received top value for their home. We leveraged the sweat equity and cash equity in their build and got them enough funds to cover the overruns and a few extras!
We help you complete your project, even when some surprises come your way.
Equity Take Out Funded in 48 hours! For Completion of Construction Financing
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