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 - $2M Construction FacilityBy Scott WestlakeMarch 2, 20220 comments#portfolio #construction #constructionmortgage TWT Recently Funded a $2M credit facility. Up to 80% of the as-completed value of the home 65% of the land value released upon registration. Remaining funds draws based on the percentage complete. Interest only charged on the funds advanced to-date ...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...
$2M Inter Alia Mortgage - Cottage Land AcquisitionBy Scott WestlakeMy PortfolioApril 20, 20210 comments#land #landfinancing #acquistionfinancing #constructionmortgage #SW #TWT #scottwestlake TWT recently closed on a $2M Inter Alia Mortgage facility in Muskoka in under 1 week. Our client approached us to purchase land and required 100% financing. Land typically finances around 50-65% loan to value. We cross collateralized another asset to secure the $2M lending ...Read more...
Recently Funded - Cottage Construction + Take Out MortgageBy Scott WestlakeMy PortfolioMarch 29, 20210 comments#constructionmortgage #cottagebuild #scottwestlake #twt TWT recently wrapped up a complete construction and take out mortgage strategy that was put in place for our clients. Scott initiated this process over a year back after a comprehensive conversation with the clients, builder and multiple lenders and determined there ...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...
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...
How to Get the Best Mortgage!By Scott WestlakeJuly 4, 20190 comments#bestmortgage #mortgaegadvise #bestrate #constructionmortgage #selfemployedmortgage #oakvillemortgagebroker #gtamortgage #twt #thewestlaketeam #scottwestlake Defining BEST Mortgage is difficult as we all have different unique needs and requirements. To a lot of clients the best mortgage involves the best rate, which we can help find and provide to our clients. To others, the best mortgage is one than can get them the approval ...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...
Private Mortgage Lenders Oakville, Toronto & GTABy Scott WestlakeDecember 9, 20180 comments#privatemortgage #privateloan #mortgage #lenders #gtaloans #torontoprivatemortgage #thewestlaketeam #scottwestlake #privatefinancing #constructionmortgage #oakvilleprivatemortgage Private Mortgage Lenders in the GTA Private Lending has become a popular topic but hopefully not for the wrong reasons. Private lending can be a lucrative investment strategy and a very necessary lending option if presented properly to all parties. Most private ...Read more...