“We Place Oshawa Construction Loan Financing For Builders, Developers, and Property Owners”

Oshawa construction loans can vary significantly from one type of project to another in terms of rates, loan to value, and the types of lenders that will be interested in the deal.   This is one of the main benefits of working with a construction mortgage broker that services the local area and has access to both bank and private mortgage lenders that provide construction financing.

And regardless of the size or type of the project, almost all construction jobs are going to require two or more types of financing from the beginning to end of the project’s life cycle.   So its also important to be working with someone that can coordinate the placement of funding and transition from one to the next.

Even in the case of a single family home self build, there can be an existing mortgage for land acquisition, followed by a construction build loan, and then completed with a long term take out mortgage that consolidates all the costs registered against the property into one mortgage.

For larger projects, there can be four or five different types of funding required depending on the size, scope, and phases of work and the capital required may have to come from both debt (loan) and equity (mezzanine) sources.

Within a project, you may require funding from both a private lender and a bank before its completed, requiring you to be able access both on a timely basis without putting the project behind schedule or over budget.

As an example, every once in a while a client has institutional financing lined up for a project but will require a private mortgage bridge loan near the end of work to cover off a cost over run, a change in scope, or perhaps some problem getting the final draw released from the institutional lender.  In these cases the solution is a private mortgage construction bridge loan than can be put into place in a matter of days which keeps the project from stalling out and creating more costs or worse.

If you are seeking an Oshawa construction loan for a project you’re in the middle of or one you’re planning out, I recommend that you give me a call so I can quickly assess your requirements and provide relevant construction loan financing options for your consideration.

Click Here To Speak With Construction Mortgage Broker Joe Walsh

The post Oshawa Construction Loan first appeared on Ontario Construction Loans And Mortgage Financing.

“We Provide Oshawa Construction Loan Financing and Construction Mortgage Loans For Residential and Commercial Projects”

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.

Click Here To Speak With Oshawa Construction Mortgage Broker Joe Walsh

The post Oshawa Construction Loan Financing first appeared on Ontario Construction Loans And Mortgage Financing.