Rush Closing. We were able to obtain a quick closing in one with very competitive pricing.
Title of Heading
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
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.
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
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.
Land Assembly Purchase for Future Development
Land assembly purchase for future development. Even though the property is located in a seconday markert we were still able to obtained competitive pricing and fully term to allow client to refinace with a construction loan.
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.
Land Financing for Duplex
Side by Side duplex purchased for re-development potential. We were able to obtain a fully open term and our lender was able to hold the funds for a month as the two property had different closing dates.