Construction Mortgage / Financing 

From Single Custom Houses to Large Development & Construction projects!

Time is money, Fast, Easy, Flexible financing is all that matter in any construction project.That is what we do!  

 

Regardless the size and type of your project, our team of construction financing expert, are able to arrange various construction financing program via major institutional lenders, credit unions, or private lenders. 

Fixable and customizable construction Loans are available as soon as your project is ready to take off the ground and enter into the construction stage. Knowing development and construction projects are a rigid and time consuming process, our team of expert works with you side by side to professionally consult, plan, and execute this vital step of your project from beginning to end in a very timely manner. Let our business relationship and our negotiation power works for you . Weather your project is going to be a rental building, commercial or residential low rise, high rise, multi units dwellings leave the construction financing to our team and they will negotiate with various lenders on your behalf and bring you the best products that suit your needs,  so you can focus on the other aspects of your development projects. Contact us and book a free consultation meeting to find out how our team are able to assist you to make the process more convenient. 

  

Construction loan for single custom made house:

Our team also are able to provide the single dwelling construction loan, the money required to build a single house, to the homeowner. These types of loans are granted as the construction progresses, so called a Progress Draw Mortgage. In general, the major banks release the money in 3 stages (each draw upon the completion of 35% , 60%, and 100%) The banks qualification is also more sophisticated and required full income documentation. 

How to avail a construction mortgage through private lenders?

While some major banks provide loan for the construction purposes, yet, it is rigorous process. As a result, majority of experts in building and construction industry prefer the private construction financing since it is Fast, Easy and Flexible. Rather than Bank’s income verification approach, private lenders grant this loan based on the end value of the subject project so-called equity lending. With Construction Mortgage Loan, the money required to build the house is disburse to the homeowner as Progress Draw Mortgage as well but with much more flexibility in terms of the numbers of draws in compare to major banks to the extent that some of them will even advance the draw at a very early stage. These types of lenders are also quite flexible with the loan amount and loan to value ratio and in most cases they are willing to entertain  the loan amount up to 75% of the end Value of the project. (completion value). Let our Mortgage Agents/Brokers take a look at your project and customize a Mortgage Solution that suit your needs. Give us a call to discuss further!

Speak Today to one of Our Licensed Mortgage Agents/ Brokers In the Greater Toronto Area at (905) 707-9595


Our Mortgage Broker Services include: Residential Mortgages for Employees | First & Second Private Mortgage | Construction Loans/Financing | Commercial Real Estate Loans | Self-Employed Mortgage | Home Equity Loans | Business Loan | Residential Mortgages | Mortgage for Professionals | Land and Construction

MassMortgageGroup.com provides Construction Mortgage Loan/ Mortgage Financing & other Mortgage Services to clients across Thornhill, Vaughan, Scarborough, North York, Toronto, Newmarket, Richmond Hill, Aurora, and Markham, Ontario.

Contact Mortgage Agents & Brokers at info@MassMortgageGroup.com for Construction Loan Financing across Ontario

Schedule virtual meeting