Guelph Construction Mortgages are available for all phases and types of construction through our construction mortgage lending partners.
Regardless of whether or not you are a commercial builder, a residential property owner doing a self build, or a developer seeking construction financing for your next project, we have construction financing sources that can likely address your requirements.
And when we’re speaking of construction mortgage financing, we’re referring to all potential phases of a construction project from the acquisition of the land through to the building construction loan.
In many cases, a construction project will not only be multi phased, but it will also required two or more forms of construction mortgage financing during the life time of the project.
Even for a straight forward residential self build project, there is at a minimum a construction loan to cover the costs of construction, followed by a take out mortgage to payout the construction mortgage as well as any preexisting mortgages that may have been registered against the property.
For larger more complex projects, there can be a construction financing element at each stage of the project, each potentially requiring a different lender and/or different lender type as mortgage lenders that provide construction loans tend to have fairly specific interests with respect to the types of projects and phases of projects they are interested in.
This is where our broad group of Guelph construction mortgage lenders comes into play, providing different types of construction financing to cover off most of the potential requirements you may have.
For example, if you have a project that is stalled out from lack of funding or is going to run over budget, we provide construction bridge loans from private mortgage lenders. If the project is short of equity to secure the debt financing you’re seeking, we may be able to arrange mezzanine construction financing to make the overall capital structure work depending on the type and size of the project.
Because we focus on both private and institutional lenders, we are well positioned to provide Guelph construction mortgages for a wide array of projects.
If you’re planning a construction project that will require a Guelph construction mortgage, or have a project that need a capital injection to keep going or get back on track, I suggest that you give me a call so I can quickly assess your situation and provide relevant construction mortgage financing options for your consideration.