Client purchased land for an potential multi family building last year with Freedom Capital. We were approaching their renewal months and wanted to touch base with the clients. The client had put an application for building permit and rezoning into the city and was 6 months away from presale. We worked with the current lender to renewal for another 6 months. We are working with the client to get another mortgage for servicing costs and bonds to the city and construction financing
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14 Unit Land Purchase with Approval in 2 Days
A fellow mortgage broker sent us this file as he was unable to help. Client were looking to purchase a 14 unit townhouse land site for $ 4M. Completion was coming up and they needed financing in place asap. We were able to get an approval within 2 business days and completed financing on time.
11 Lot Subdivision Land Financing with 100% Servicing Costs
Group of investors required funds to complete on the acquisition of a large parcel with city approval for an 11 lot subdivision. We not only secured the acquisition financing, but also obtained sufficient funds to cover 100% of the servicing costs. This allows the clients to finish the subdivision with the same loan, save money and sell the lots thereafter.
100% Financing Option for Development Land Purchase
Client were looking to purchase another development property. We went through their portfolio and we were able to assist with the downpayment to provide 100% financing for their next investment property.
Equity Take Out – Land Financing for Multi-Family Development Project
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.
Financing for Land for Future 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.
Land Financing for 46 Storey Building
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.
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.
Purchase Financing for Lot Assembly for High Rise Developments – Approval Within 48 Hours
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!
Financing for Lucrative Land Project
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.
Mortgage for a Multi Family Purchase of a Development Site
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.
13 Lot Approved Subdivision Financing Including Construction Funds for Snow Homes
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.