Yes, we refer business to our realtor partners. We had an existing client that we recently finished a purchase on a lucrative land project. His exit was always to sell the project once the project received 4th reading. The client reached out to us and ask if we had any trusted realtor partners that could help him sell this site. We reached out to all our realtor partners and got our client’s property sold. Not only did we collect commissions for the new purchase with the new buyer, we worked as a partnership with a local realtor and they collected commission.
Title of Heading
Type of Financing
6 Lots Subdivision Financing
Client finally was ready to start servicing their 6 Lots subdivision located in Coquitlam. They injected tons of equity into project and have their hands in four other projects. They wanted a better way of developing, building and making MONEY than forking over so much cash. The banks were saying no because their financials were not complete. Clients needed a solution for their investment portfolio so they can advance all there projects. We looked at all their developed and set up a step by step for each property and came up with financing program that met all their needs.
Land and Servicing Financing
$18.5M Loan Funded! Large high rise site, repeat clients required the next stage in financing. We refinanced the land to provide interim financing with additional funds to cover the servicing costs until they have the presales in place for the construction financing.
Financing for 7 Custom Homes
Clients were finishing their servicing for their 7 custom home subdivision. With the demand of affordable single family homes, client sold 5 of their 7 custom homes. Now what? Client put all their funds into servicing, city fees and getting the lot ready for construction. With the completions of the new home looming in less than 6 months, client needed a plan of action. Freedom Capital was able to get construction financing for ALL 7 custom homes and enough funds for them build all homes all at once and take draws when needed. No money was required up front due to equity they had in the project.
PLA approved 13 lot subdivision located in Grandview Heights area of South Surrey. There are 6 RF-10 homes and 6 RF-13 homes. expected gross sales for all 13 lots and including 12 constructed homes will be $17,100,000. Our referring realtor advised his long term client was looking for servicing and construction financing and need a push to get the bonds posted to the city so he can start presales.
Quick Close on a 6 Lot Assembly!
Quick close on a 6 lot assembly purchase under a brand new holdco for a future City Approved subdivision. Freedom Capital was able to secure a $3.365M 1st mortgage at 65% Loan-to-Value.
Development Land Purchase in Vernon
Development Land purchase in Vernon. We were able to obtain quick closing in one week with very competitive pricing.
Short Term Land Financing
$7 Million Land Loan funded for a repeat developer client. Client had an assignment in place and required short-term loan to complete on the purchase.
Financing for a Future Development Site
Clients were struggling to obtain an approval on their purchase of a future development site. Freedom Capital was able to obtain sufficient funds of $6.8M so they could complete and have payments covered for one year.
Land Financing for 46 Storey Building
AAA clients was looking to invest into their next big project. We were able to obtain land purchase financing for a City approved two tower 46 Storey high rise mixed used commercial/residential building located in the downtown core in the City of Surrey. We were able to use the client reputation and experience to easily approve them within a short closing period without a mountain of documentation.
Financing for High Rise Development Site
$15.2 Million land loan approved for a future high rise development site. Client required additional funds to buy more time securing a strong joint venture partner for his $135 Million project.
Multi-Family Development Project Financing
Equity take out land loan on a small BC island for a future 6 phase multi-family development project. Clients required funds to pay development fees, build show home and start marketing for presales.