Construction & Land Mortgage
Mortgages by Soin
Construction & Land Mortgages
Specially designed financing for commercial construction or residential construction
Residential- Whether you’re a first-time homebuyer or an experienced homeowner, a construction loan can be as unique as the project you’re financing. Some projects that are good candidates for a construction loan include:
- A new home purchase where the builder requires payment in installments as the home is being completed
- Building a home on a lot you already own
Commercial- Specially designed financing for commercial construction, including the building of multi-family units, commercial buildings, warehouses and retail shopping centers.
An exit strategy for the construction loan is one of the key considerations for funding (i.e. standard financing or individual sale of units).
Condo construction real estate loans will also vary depending on you having a Qualified Home Builder or acting as your own general contractor where you sign contracts with sub-trades.