Residential Construction Financing: Understanding the FundamentalsBy Scott WestlakeFebruary 13, 20230 comments#constructionfinancing #construction #homereno #building #homerenovation #buildingloan #construction Building a home can be one of the most exciting and fulfilling experiences of a person’s life. However, financing the construction process can be challenging, particularly for first-time homebuilders. In this blog post, we will discuss the fundamentals of residential construction ...Read more...
Construction Financing For End Users...By Scott WestlakeJanuary 15, 20230 comments#constructionfinancing #tarion #buildermortgge #building #construction Construction Financing: Your Guide to Building Your Dream Home Are you ready to build your dream home? One of the most important steps in the process is securing construction financing. This type of financing is different from a traditional mortgage and can seem daunting for first-time ...Read more...
Construction and Pre-Construction Mortgages.By Scott WestlakeAugust 29, 20220 comments#constructionmortgage #constructionfinancing #presale #presaleconsturction #selfbuild #specbuild #twt #scottwestlake Construction and Pre-Construction Mortgages. Building or renovating your own home is such an exciting time and allows you to create something tailored to you and your family! But when it comes to construction mortgages, there are a few different types of loans: new construction ...Read more...
5 Things to Consider When Building Your New Home.By Scott WestlakeApril 12, 20220 comments#constructionloan #constructionfinancing #constructionmortgage Building a new home is an exciting adventure but requires very different considerations. To help you have the best experience building a home, we have put together the 5 most important considerations. 1. it’s all in the numbers Regardless of whether you are shopping for a pre-built ...Read more...
Recently Funded - Construction Capital Available!By Scott WestlakeMy PortfolioOctober 18, 20210 comments#constructionmortgage #constructionfinancing #selfbuild #specbuild #twt #scottwestlake Recently funded acquisition financing to purchase property our clients are going to build on. In addition, construction financing is approved. Property is being torn down. It is an existing bungalow for new two story home - principal residence. Construction ...Read more...
Recently Funded - Property Acquistion + Construction Capital For Multiple TriplexesBy Scott WestlakeMy PortfolioApril 23, 20210 comments#constructionmortgage #constructionfinancing #mortgagebroker #mortgagebrokerage #twt #SW TWT Recently funded a mortgage to acquire a property and additional approved the construction capital for multiple triplexes. 70% Loan To Value on the acquisition of an existing property that will be demolished. Construction capital based on "as if" value and ...Read more...
Residential Construction Financing - Programs Available & How To ApplyBy Scott WestlakeJanuary 20, 20210 comments#constructionmortgage #constructionfinancing #selfbuild #specbuild #twt #scottwestlake Construction Mortgage Programs Available Bank Mortgage -Bank mortgages are available for clients looking to build their principal residence. -You need to be able to debt service the mortgage -You will have a fixed draw schedule -Depending on the size and scope of the ...Read more...
Mortgage Solution For Vacant Residential Development SiteBy Scott WestlakeJune 23, 20200 comments#interaliamortgage #mortgagelending #mortgagebroker #landacquisition #constructionfinancing #twt #scottwestlake We recently funded a mortgage for some amazing clients that needed a creative solution. $1,890,000 1st Mortgage inter-alia 53% LTV Permanent Resident with foreign income and assets 7.35% Interest Rate 1% Set up fee Interest Only and open with 3 month interest Corporate ...Read more...
Top Brokers!By Scott WestlakeMarch 7, 20200 comments#mortgagebroker #mortagebrokeraward #topbroker #oakvillebroker #constructionfinancing #privatelending Thanks for the award DLC! 2019 was a fun year getting back into brokering. A year back I wasn't sure I was going to continue brokering. Lots of opportunities have been thrown at me as an active Entrepreneur and I continually hit crossroads. I ...Read more...
Construction Mortgage OakvilleBy Scott WestlakeAugust 14, 20190 comments#constructionfinancing #oakvillebroker #gtabuild #muskokabuild #constructionmortgage #twt #thewestlaketeam #scottwestlake Construction financing is probably our teams favourite lending solution and mortgage products to place and one our team handles very well! Although we are based out of Oakville and do a lot of construction financing and construction mortgages in Oakville we do a lot of construction ...Read more...
Recent Mortgage - Construction Financing Cottage Country - $2,475,000By Scott WestlakeJune 17, 20190 comments#constructionfinancing #cottagemortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam #muskokabuild #muskoka We had the pleasure of supporting repeat clients of ours financing another cottage build in Cottage Country. We provided both land acquisition financing to purchase the property as well as the construction financing for the cottage build out. Backstory: Clients ...Read more...
Construction Financing Oakville & GTABy Scott WestlakeFebruary 26, 20190 comments#constructionfinancing #constructionfinancingoakville #twt #thewestlaketeam #scottwestlake #oakvillemortgagebroker #constructionmortgage There are two types of homes we get a lot of inquires about financing when it comes to construction. Building a home to live in as your principal residence and building a home to sell for investment purposes. When building a home to live in we have numerous lenders that ...Read more...