Project Overview
Foremost Financial provided a $2,450,000 first mortgage loan to facilitate the acquisition of the property and the construction of a five-unit residential development.
The developers acquired a detached home situated on a 25 ft. by 125 ft. lot and obtained approvals to demolish the existing structure and construct a new four-unit residential building with a separate laneway suite.
Upon completion, the project consisted of:
- Two units located on the second and third floors
- One ground-floor unit
- One basement unit
- A separate laneway house as the fifth residential unit.
Looking for Construction Financing?
For more information about this project or Foremost’s industry-leading construction financing programs, contact:
Matt Gonsalves
Vice President – Mortgage Lending
416-488-5300 x555
📧 matt@foremost-financial.com
