Here are the details of our land development program:
- Maximum LTV: 100% of servicing costs
- Term: 6 month, 12 month, 24 month
- Amortization: Interest only
- Mortgage Rate: Deal specific, rates start at 12.00%
- Minimum mortgage: $150,000
- Draw Schedule: Flexible
- Property Location: Major municipalities within Ontario
- Zoning: Residential, Commercial, Industrial
- Guarantees Required: Corporate plus Personal Guarantees
- Minimum Beacon: No minimum beacon
- Commitment Fee: Starting at $1,000
- Lender Fee: Starting at 3.00%