fundings
fundings
Funded Amount: $3,180,000
Type: Serviced Lots
Lender: Investor
Location: Maple Ridge, BC
Loan-to-Value (LTV): 65%
Value: $4,890,000
6 LOT LAND MORTGAGE
The borrower had an existing construction facility across an 18-lot project. Six lots had already sold and four homes had been completed. Due to changing market conditions, the borrower decided to pause the project. The challenge was that traditional lenders required 100% of sale proceeds to be paid back into the facility, limiting access to capital and flexibility.
The Problem
To help the client get ahead, we previously separated four completed homes using three different lenders and then sourced an investor to finance the remaining six serviced lots.
This structure left two lots free and clear while breaking apart the larger commercial facility. The financing strategy provided flexibility to hold the remaining lots while preserving access to capital.
The Solution
- Left two lots free and clear
- Avoided having all proceeds trapped within one facility
- Created flexibility to hold or build based on market timing
- Provided capital for future projects
- Structured interest with a cap and no ongoing payments
With over 15 years of building experience, the borrower positioned themselves to either build future projects with cash or hold assets for stronger market conditions.
Outcome & Key Takeaways
Funded Amount: $3,180,000
Type: Serviced Lots
Lender: Investor
Location: Maple Ridge, BC
Loan-to-Value (LTV): 65%
Value: $4,890,000
6 lot land mortgage
The borrower had an existing construction facility across an 18-lot project. Six lots had already sold and four homes had been completed. Due to changing market conditions, the
borrower decided to pause the project. The challenge was that traditional lenders required 100% of sale proceeds to be paid back into the facility, limiting access to capital and flexibility.
The Problem
To help the client get ahead, we previously separated four completed homes using three different lenders and then sourced an investor to finance the remaining six serviced lots.
This structure left two lots free and clear while breaking apart the larger commercial facility. The financing strategy provided flexibility to hold the remaining lots while preserving
access to capital.
The Solution
- Left two lots free and clear
- Avoided having all proceeds trapped within one facility
- Created flexibility to hold or build based on market timing
- Provided capital for future projects
- Structured interest with a cap and no ongoing payments
With over 15 years of building experience, the borrower positioned themselves to either build future projects with cash or hold assets for stronger market conditions
Outcome & Key Takeaways
