fundings
fundings
Funded Amount: $11,500,000
Type: Duplex
Lender: Credit Union
Location: Delta, AB
Loan-to-Value (LTV): 65% Land + 75% Costs
Value: $17,000,000
construction financing
After successfully servicing the lots, the borrowers were ready to move into the construction phase for a 12 unit project.
However, the deal presented multiple challenges:
The Problem
To help the client get ahead, we leveraged our lender relationships and structured an $11,500,000 construction facility through a credit union.
This included:
The Solution
- Navigating and working within the 10-entity structure
- Securing construction financing with minimal pre-sales
- Working closely with the Quantity Surveyor (QS) and appraiser to meet lender requirements
- Aligning budgets, timelines, and reporting to satisfy credit approval
This level of coordination only works when all parties are aligned and the file is properly managed from start to finish.
This solution allowed the client to get ahead by:
- Moving forward with a full 12 unit construction project
- Securing financing despite structural and pre-sale challenges
- Maintaining momentum after servicing completion
- Keeping the project on track with lender compliant execution
What could have stalled due to complexity was successfully executed through the right structure, relationships, and hands-on management, turning a difficult deal into a high value development opportunity.
Outcome & Key Takeaways
- Complex structure involving 10 entities
- Limited pre-sales, which most lenders require for construction financing
- Previous broker did not properly advise on structure early on
- Tight lender guidelines around appraisal, cost validation, and risk
At this stage, restructuring the ownership was no longer an option - meaning the financing had to be solved within an already complex framework.
Funded Amount: $11,500,000
Type: Duplex
Lender: Credit Union
Location: Delta, AB
Loan-to-Value (LTV): 65% Land + 75% Costs
Value: $17,000,000
construction financing
After successfully servicing the lots, the borrowers were ready to move into the construction phase for a 12 unit project.
However, the deal presented multiple challenges:
The Problem
To help the client get ahead, we leveraged our lender relationships and structured an $11,500,000 construction facility through a credit union.
This included:
The Solution
- Navigating and working within the 10-entity structure
- Securing construction financing with minimal pre-sales
- Working closely with the Quantity Surveyor (QS) and appraiser to meet lender requirements
- Aligning budgets, timelines, and reporting to satisfy credit approval
This level of coordination only works when all parties are aligned and the file is properly managed from start to finish.
This solution allowed the client to get ahead by:
- Moving forward with a full 12 unit construction project
- Securing financing despite structural and pre-sale challenges
- Maintaining momentum after servicing completion
- Keeping the project on track with lender compliant execution
What could have stalled due to complexity was successfully executed through the right structure, relationships, and hands-on management, turning a difficult deal into a high
value development opportunity.
Outcome & Key Takeaways
- Complex structure involving 10 entities
- Limited pre-sales, which most lenders require for construction financing
- Previous broker did not properly advise on structure early on
- Tight lender guidelines around appraisal, cost validation, and risk
At this stage, restructuring the ownership was no longer an option - meaning the financing had to be solved within an already complex framework.
