Three Custom Homes in the Long Branch Area of Toronto

TORONTO, ONTARIO

PROJECT SUMMARY:

The subject property consists of three, 1,863 sq. ft. custom homes. Once complete the owners of the respective properties will refinance Foremost’s construction loan facility with a term loan from an institutional lender.

For more information about this project and our flexible and creative constructing financing solutions, please contact Matthew Gonsalves at matt@foremost-financial.com.

Loan Type:

Residential Construction

Loan Amount:

$2,550,000

Loan Description:

The property owners were building three detached custom homes. They needed funds to complete construction of all three homes. Foremost quickly extended a loan facility to fund the project’s soft costs, 100% of its hard costs and provided an interest reserve. Our in-house cost consultant was used to monitor construction, allowing for cost effective and easy progress advances.