For Oshawa construction loan financing, we have a wide variety of both institutional and private mortgage lenders that will finance construction projects in the area.
Our focus is to be a one stop shop for construction financing in Southern Ontario and we maintain strong relationships with local area mortgage providers so that we can cover off all the different phases of a given construction project.
For instance, its not uncommon for a construction project to first require a land acquisition mortgage, followed by a site development loan, and then a building construction loan. Each of these phases can require a different construction mortgage from a different lender, so its important to make sure that your sources of financing can work seamlessly together to keep your cash flow on track.
This is one of the main benefits of working with an Oshawa construction mortgage broker who can not only access the money required, but help you administer the mortgage process through out the life of the project.
When projects hit a cash flow snag or fall into an impasse with the primary construction lender, we also can provide bridge construction loans to help keep the project moving. Especially on good projects that are well along, the bridge financing process can many times be completed in just a matter of days.
If the builder, developer, or property owner plan to retain the completed project post construction, we also arrange take out mortgages that will consolidate the construction mortgage in place into a longer term mortgage product.
And for larger developments where additional equity investment may be required, we can also work to get Mezzanine financing in place to make the overall capital structure of the deal work.
The key is making sure that your project is matched up with construction mortgage programs that are a good fit for how you want to run your project. Nothing can be worse than dealing with a funding source that you have to fight with every step of the way.
If you’re in the process of planning a project that will require Oshawa construction loan financing, or even if you’re in the middle of an existing project that required more funding, I suggest that you give me a call so I can quickly assess your situation and provide relevant Oshawa construction loan options for your consideration.