It doesn’t matter if you’re talking about residential or commercial construction projects, I’ve got a diverse group of lending sources for construction projects in the Brampton area.
Because construction projects can require different types of construction financing sources for different stages of the project, its important that you’re working with someone who can provide both institutional and private mortgage financing options as both may be required to best fit the needs of your project.
And even when bank or institutional construction financing is what you’re after, one of the keys to construction mortgage financing success is loan management, which is an area where I have a great deal of experience.
As an example, for certain projects, I won’t always recommend the lowest potential cost construction mortgage option as there are more things to consider than just rate for most projects. Some lender will have a greater focus on certain types of construction financing which can make them much easier to deal with when it comes to getting draw advances issued on time and for the amount requested. Some projects will not be the best fit for some lenders, which can be very hard to detect or determine from the outside looking in.
For projects requiring private mortgage financing for the building stage, or construction bridge loans to complete a project that has got funding problems, I’ve also got a number of very solid private mortgage lenders that will finance construction projects.
Once again, the mix of sources is important as well as the expertise that goes along with matching up the best source of construction financing with a particular project or project stage. Larger projects that start from bare land can have 5 or more development and financing phases that may all end up requiring a different source of Brampton construction financing.
And with more construction phases and capital providers comes more complexity that needs to be managed so that the overall project can flow as smoothly as possible, which is another area where I have a great deal of experience.
If you require Brampton construction financing for a project your planning or in the middle of, I suggest you give me a call so I can quickly assess your requirements and provide relevant construction mortgage loan options for your consideration.