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CONSTRUCTION MORTGAGES / DRAW MORTGAGES

Private Equity Lending DivisionHome.html

Email: info@lenderconnect.ca

Phone: 604.328.6409

Fax: 604.630.7271

Skype: sadler.matt

Lender Connect Mortgage Ltd.

Powered by: TMG The Mortgage Group

Suite 105 - 1385 West 8th Avenue

Vancouver, BC V6H 3V3

604.328.6409

CONSTRUCTION FINANCING - DRAW MORTGAGES


THIS IS OUR SPECIALTY. 

Loan Amount                                                                Payment                                                                 

      $30,000                                                   $199.75

      $75,000                                                   $499.38

      $150,000                                                 $998.75

      $450,000                                                 $2996.39

The loan examples above are for illustrative purposes only. The interest rate used in these examples is 7.99% annually. This rate is subject to change (lower or higher) and may vary depending on a variety of factors - your personal financial situation, the amount or reasonability of equity in your property, and overall lending market fluctuations. The examples above are based on 1 year terms with interest-only monthly payments. These examples show the gross amount of the mortgage - not the net amount received by the borrower. As such, the Total Cost of Credit and Annual Percentage Rate of these examples could be higher. The difference between the Gross Mortgage Amount and the Net Mortgage Amount (being the actual amount of money received by the borrower) represents the applicable costs and fees (brokerage, discount, legal, and application) that may be charged by the lender and broker for processing and arranging the loan.

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Loan Scenarios

WE ARE FINDING THAT BANKS ARE INCREASINGLY DIFFICULT TO RELY ON FOR EFFECTIVE CONSTRUCTION FINANCING.  OUR EXPERTISE IN CONSTRUCTION LENDING ALLOWS US TO STEP OUTSIDE THE TRADITIONAL REQUIREMENTS AND MAKE SURE THAT YOUR PROJECT GETS COMPLETED.  WE ARE ABLE TO FINANCE 100% OF CONSTRUCTION COSTS (INCLUDING SOFT COSTS) IN SOME CIRCUMSTANCES AND CAN WORK ON A FAR MORE FLEXIBLE DRAW SCHEDULE.  IF YOU ARE INTERESTED IN VIEWING SOME OF THE PROJECTS THAT WE ARE WORKING ON NOW, PLEASE VISIT OUR RECENT FUNDINGS PAGE FOR MORE INFORMATION.

CONSTRUCTION LOAN AMOUNTS REGULARLY EXCEED $1M AND WE HAVE THE ABILITY TO FUND IN EXCESS OF $2M. 

PLEASE CONTACT MATT SADLER AT (604) 328-6409 OR matt@lenderconnect.ca FOR MORE INFORMATION

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