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Ontario’s Most Experienced Construction Lender
since 1987

Foremost provides first and second mortgage loans, up to $20 million, for construction projects in Ontario. Since its founding in 1987, Foremost has remained focused on infill residential, industrial, and commercial lending, as well as providing term loans for commercial or industrial income-producing properties. With this experience, Foremost knows construction projects and commercial ventures need flexibility from their lender, as that is what allows these endeavors to succeed. You can depend on Foremost to treat you with respect, exceed your expectations, and follow through on its promises.

About Us

Previous Transactions

  • 16 UNIT RESIDENTIAL DEVELOPMENT – DRONE FOOTAGE Copy
    Loan Type:

    1st Mortgage - Multiple Unit Residential Construction

    Loan Amount:

    $14,127,000

    View Details
  • 16 UNIT RESIDENTIAL DEVELOPMENT – DRONE FOOTAGE
    Loan Type:

    1st Mortgage - Multiple Unit Residential Construction

    Loan Amount:

    $14,127,000

    View Details
  • LEYTON AVENUE AND BALFORD AVENUE
    Loan Type:

    Multi-Unit Residential Construction Financing

    Loan Amount:

    $3,000,000

    View Details
  • CONSTRUCTION LOAN – TOWNHOMES
    Loan Type:

    Financing Construction of Four Townhomes

    Loan Amount:

    $2,510,000

    View Details
  • COMMERCIAL TERM LOAN
    Loan Type:

    Commercial Term Loan

    Loan Amount:

    $2,200,000

    View Details
  • LAND ASSEMBLY FINANCING
    Loan Type:

    Land Assembly for an 88 Unit Stacked Townhome Development Financing

    Loan Amount:

    $3,900,000

    View Details
  • CONSTRUCTION – 3 DETACHED HOMES
    Loan Type:

    Financing Construction of Three Detached Homes

    Loan Amount:

    $1,776,000

    View Details
  • RESIDENTIAL LAND & SITE SERVICING LOAN
    Loan Type:

    Residential Land & Site Servicing Loan

    Loan Amount:

    $2,100,000

    View Details

Lending Program

  • Up to 75%
    of LTV
  • Loans
    up to $20M
  • Interest Only Payments
  • Loan Term
    of up to 24 months
Questions
  • Still Have Questions?

    If you are looking to borrow, we will be happy to assist and answer your questions. Review our Borrower page or contact us directly.

    Borrowers Contact Us

  • HOW ARE CONSTRUCTION LOANS STRUCTURED?

    A construction loan facility is structured as a percentage of the expected completed value of the project. On average, a construction loan facility totals approximately 60%-75% of the expected end value.
    Learn More
  • INFILL CONSTRUCTION FINANCING 101

    While many institutional lenders move too slowly or turn a blind eye to financing infill construction projects, Foremost Financial steps up to fill the void by providing our clients a fast and efficient construction financing program for single-family houses.
    Learn More
  • Foremost's Economic and Real Estate Market Update - June 2022

    Foremost Financial's EVP-Investment, Ricky Dogon, presenting Foremost's view of the economy and real estate market.
    Learn More

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