We can provide Brantford construction loan options for any number of different types of construction projects and phases within a given construction project.
Our clients range from home owners doing their own self build projects to large scale residential and commercial developers and builders seeking funds for all or part of their development.
We focus on Brantford and the southern Ontario area in order to be able to stay on top of all the different types of construction financing that can come into play for any given scenario.
This includes both bank and private mortgage funding as both can play a role within the same project many times.
For instance, self build projects are mostly funded with a private mortgage construction loan followed by an institutional or bank take out mortgage.
In some situations where the lead construction lender is a bank, we may still be asked to provide a bridge loan at some point in the project where the institutional construction loan cannot cover certain costs for any number of reasons.
Conventional construction loans from banks each come with their own requirements and project targets that need to be matched up closely with a given project so you can get the most benefit out of them. In some cases, the lowest cost lender interested in a project may not be the best fit given the requirements of the owner or builder.
The same is true of private mortgage construction lenders in that they too will have their own preferred project type, rates and terms, and administration process. So getting the right borrower to lender fit is important regardless of what the source of construction financing is in order to achieve the best cash flow during all construction phases.
This is why its important to work with a construction mortgage broker who not only works with both bank and private mortgage construction lenders, but has the experience in working through construction financing administration problems as well as the transitions from one type of construction financing to another in the middle of a project.
If you require a Brantford construction loan, please give me a call so I can quickly assess your requirements and provide construction mortgage financing options for your consideration.