Client was seeking a equity take loan for a future 6 phase multi-family development project. They needed funds pay rezoning costs, development fees and build a show home. This extra funding would allow them to get to the next stage of development and start the pre-selling process and take advantage of the hot market.
$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.
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. We were able to use the client reputation and experience to easily approve them within a short closing period without a mountain of documentation.
$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.
Clients were purchasing a lucrative lot assembly purchase for the next high rise site. We were able to obtain an offer within 48 hours of collecting all documents. Competitive rates with easy conditions. No need for 3 weeks subject removals, we got you covered!
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*some conditions apply
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.
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.
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.
Clients obtain rezoning approval but needed funds to finish servicing and build 23 homes. Clients needed a servicing loan and construction so they could start presales. We were able to obtain financing for 100% of servicing costs and 80% Loan to Cost for the builds with no further equity required!
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.
$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.
Rush closing of $4.5M loan obtained in 5 business days! Bank was not able to close on time during busy market. We obtained a high loan-to-value mortgage for a development land purchase.
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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.
