$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.
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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.
Future Townhouse Development Financing
Land assembly purchase in Kelowna for future townhouse development. Obtained competitive pricing and fully open mortgage to allow the client to refinance with a construction mortgage once City Approval in place.