Freedom Capital obtained sufficient funds for a 1st mortgage financing to complete the purchase & construction of a new single family home construction.
Title of Heading
Type of Financing
High End Luxury Home Financing
$5.5 Million high end luxury home financing. Client was looking for a new lender that would offer better renewal terms. Freedom Capital secured a lender with hassle free renewals with a minimal flat renewal fee.
Clients are AAA with excellent 800 + beacons. Both earn over 400k per year collectively. Client runs a successful concrete supply business and in the construction industry. The client’s current principle home is for sale and will be using the proceeds for construction and pay down the current mortgages once construction is complete.
80% LTV on 2nd mortgage
80% LTV on a 2nd mortgage to consolidate high interest debt. We funded this file with competitive pricing, quick closing and minimum documents.
Second Mortgage for Renovation
Clients ran out of funds halfway through their renovations. They were stuck and had no way to pay their trades and overdue bills for the materials they had ordered. They required funds fast. We placed a second mortgage quickly to give them enough funds to complete the project.