Are you looking to build a home for your growing family or looking to develop a multi-unit property, but the bank has turned you away? Are you unsure of your next step, or even if construction is even possible? That is where Graysbrook Capital comes in.
Graysbrook can offer you a short-term, private construction mortgage loan that is often cheaper than doing construction through traditional lenders. With our private construction loans, up to 75% of the finished value can be approved within minutes. Already started your build and need additional funds? Banks shy away from funding partially completed construction projects – but we are happy to help you get to the finish line.
Compared to a bank, our construction draw process is simple. We can advance draws on the same day as the request with pictures of the property proving the work has been completed. Draws should be flexible and hassle free so that you can get back to work.
Does a construction loan from Graysbrook sound like the right path for you? On top of fast approvals and flexible draws, we are also able to offer you:
- No early payout penalties in most provinces
- No CMHC costs
- No home warranty required
- The opportunity to use your personal home or business to help secure funds
- Minimal documentation
- We can help with your land purchase up to 70% of the appraised value