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..

THE OPPORTUNITY

After purchasing a home with a 99 x 165 ft. lot in Richmond Hill for $1.2 million, the builder severed the lot and demolished the home, with the goal of building two new detached homes – both well over 5,000 sq. ft.

THE OUTCOME

Foremost came forward with the necessary funds to refinance the land, finance the construction of the new homes, with a first mortgage loan of $3 million and a $170,000 interest reserve so the borrowers wouldn’t have to contend with interest charges during the construction process. 

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