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…

THE OPPORTUNITY

Having purchased a church in the junction triangle area of Toronto, to be converted into 43 residential condos, this developer had over 50% presales… but other banks and institutions wanted 80% presales before providing construction financing.

THE OUTCOME

Recognizing both the merit of the project and the fact that sales activity would increase once construction had commenced, Foremost provided a construction facility of $10,200,000 that enabled the developer to move forward with the project.

Learn how Foremost Financial can help fund your building opportunity.

Foremost Financial © 2024