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Custom Home Construction/Builder Loans

CONSTRUCTION FINANCING WITH A PROVEN TRACK RECORD

Doctor Finance is the mortgage team you need: We provide a customized financing option for builders and custom home projects.  Doctor Finance specializes in custom home construction/ Builder loans across the GTA in Willowdale, Forest Hill, Lawrence Park, Lytton Park, Bridle Path, Hoggs Hollow and Richmond Hill.

 

Here’s just a few of the advantages of our Custom Home Construction Program.

  • We deal directly with decision makers.
  • We finance almost 100% of Construction Costs
  • We supply fast approvals and funding. Usually within 48 hrs.
  • Our rates and fees are always competitive.
  • Open terms
  • Flexible draw options
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OUR BUILDER FINANCING PROGRAM:

LOAN AMOUNTS: Max. 75% of completion value OR  100% of hard costs.
LOCATIONS: GTA.
REPAYMENT: Interest only on each draw.
LOAN TERM: Up to max 18 months
TURNAROUND TIME: Commitments within 48 hrs and Quick closings
SECURITY: 2nd Mortgages behind First Mortgage
RATES: From 7.75% depending on project.
LENDER FEE: 1-2%
FIRST DRAW: At Foundation stage
REQUIRED REPORTS: Permits & Construction Budget
OPEN: Open mortgage terms repayable with 30 days written notice.
Varies on deal to deal basis.

Doctor Finance’s niche lies in providing the best Builder loan/financing program for custom home construction. We have proven track records