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.
Broker Scenario #1 Blanket Mortgage Construction Problem: Client is building home for his son and was 50% complete, but needed funds to complete the build. Client needed $125,000 on closing and an additional $30,000 to complete, without a traditional draw structure. The client was willing to put a blanket mortgage on three other pieces of land…