While the “not in my backyard” movement is alive and well, this project turned into a “yes in my backyard” opportunity.
Infill Project – Seeing Opportunities Verus Obstacles
Much is written about the cutthroat real estate market in Canada, especially in major urban centers.
We Helped Them to Double up On Their Investment
Foremost came forward with the necessary funds to refinance the land, finance the construction of the new homes..
We Had Faith in This Project
Having purchased a church in the junction triangle area of Toronto, to be converted into 43 residential condos, this developer had over 50% presales…
This Site Was in Need of Refueling
If only every investment could be bulletproof. But we all know that’s not the case. When problems do arise, you need a financial partner who won’t leave you hanging.
‘Seeing’ Is Believing
Getting land through the development process is an arduous task. The last thing you need is a financial headache to slow you down.
Tough Times Call for Dependable Lenders
The one variable you can’t control is the economic climate. Other lenders might entice you with empty promises. But ask yourself, will they be there when you need them most?
Sometimes Speed Does Matter
Foremost Financial understood the time constraints. Knowing it was in the borrower’s best interest to sell remaining inventory on a unit-by-unit basis, we provided the necessary financing plus an interest reserve.