CONSTRUCTION LOAN – TWO UNIT CONDOMINIUM

TORONTO, ONTARIO

PROJECT SUMMARY:

Our client is a visionary architect who saw potential in an underutilized space. He purchased a home on a 25 ft. by 124 ft. lot and subsequently obtained approval to build a new two-unit residential condo on the property.

Foremost’s loan assisted our client with maximizing his return on investment (ROI). Proceeds of the loan financed a portion of the hard construction costs and some of the interest costs. Foremost’s internal cost consultant allowed the progress advances to be fast and painless.

The build was stunning – the units sold well above what they were appraised for As If Complete.

If you are looking for a talented architect to assist you with a renovation, custom home, or small condominium project contact your Foremost account manager for an introduction.

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