Custom Home Construction/Builder Loans
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
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
Custom Home
Richmond Hill
Construction financing
Custom Home
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Construction Financing
Custom Home
Toronto