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We’re The Commercial Mortgage Broker For Land and Development Loans

By May 7, 2024June 7th, 2024No Comments

We’re a Toronto commercial mortgage broker offering tailored and flexible financing solutions. We have strong relationships with specialized lenders. If you’re looking for land and development loans, we can help you get the money you need for residential and commercial development projects.

You’ll need to check a few boxes when looking for a broker to deliver one of these loans.

  •  Suppose you’re a business that wants to develop a large commercial or industrial complex or even several small lots. The land is financed at 50% of the purchase price using the appraised value. The lower value is accepted.
  • Investments and improvements prompt lenders to consider at higher financing percentage
  • It’s important to have all the proper documentation, including a substantial down payment, which can be as much as 30% of the loan amount. Make sure you have proof of building permits and the necessary zoning. It’s always necessary to have an independent appraisal of the value of the land. We are a commercial mortgage broker in Toronto who can help you through all these steps.

We are a commercial mortgage broker in Toronto team. We can help developers and buyers source and structure appropriate debt and equity capital for their property needs. Contact us today to learn how we can help. Let us look after everything like a commercial asset. We can finance a single piece of land or a multi-phase integrated development and construction project. We can help you with all the details, including any additional collateral needed to secure the money.

Our Commercial Mortgage Broker Team is Strong

Our strongest asset is our team. We have an excellent edge over the competition because our staff of commercial bankers understands what our clients need. Take advantage of our decades of banking experience today.