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.
Title of Heading
1st Mortgage Financing for Duplex Zoned Land With Fully Open Terms
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.
1st Mortgage Financing for Future Mixed Use Building
“””One client was looking to close on a mixed use building that was already rezoned, but the property wasn’t being used to its highest potential. They saw an opportunity, moved quickly and got funding to work on a great new project! The client plans to rent out the building for future holdings once constructed.
We understand and see your vision! Ask us how we can create a multi-step program to achieve your development goals.”
1st Mortgage Refinancing for Servicing Costs for Bonds at City
Client is currently in the last rezoning stages for his 4 tower high-rise project. He needed funds for servicing and city bonds. We were able to secure quick funding so he could post bonds with the city, cover soft costs, interest reserve, and fees to move forward on the project. Once the site is serviced, our next step is construction financing, which we have a few lenders already showing interest!
1st Mortgage for a Quick Close on Land Assembly
Our client needed funds, fast! They had an opportunity to close on 2 lots of a 4 lot assembly. The client purchased the 2 properties under market value (in a hot market). Once they close, the remaining two lots – this assembly (which closes in 6 months) will be worth over $150,000,000.00. WOW! We always strive to help our clients MAKE MONEY when they NEED MONEY!
Development Land Purchase
Rush Closing. We were able to obtain a quick closing in one with very competitive pricing.
1st Mortgage Purchase Financing for Land Assembly for Future Development
Land assembly purchase for future development. Even though the property is located in a secondary market we were still able to obtained competitive pricing and fully term to allow client to refinance with a construction loan.