Let us help you build your dream home!
Building a new home can be very exciting, but smart decisions are needed when it comes to construction mortgages in Toronto. Construction financing, also known as construction loans, is a short-term arrangement for financing any real estate projects. The owner will take out a loan to cover all related costs of a project before a more permanent source of funding becomes available. Interest rates are generally higher because construction loans in Toronto are more risky.
Associated costs with construction financing:
- Land value
- Hard costs
- Soft costs
- Contingency reserve
- Total costs
- Lot equity
Get financing for construction when you: take on a single home construction project, develop a subdivision or a high-rise, finance business development, or fund conversion projects! To know more about construction mortgages in Canada, contact Faizal Garasia today!
Faizal Garasia, CSC, CPH, FP1, LLQP, PFSA, RP
Mortgage Agent, Commercial Mortgage Agent, Leasing Agent
8901 Woodbine Ave, unit 225
L3R 9Y4, Canada
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