The real estate playing field has changed in the last 12 months, and Atlantic Canada is no different. Where we used to save up for vacations, there are those of us who are trying to find new ways to invest our resources. You may find yourself looking for ways to put your money to good use. With multi-unit commercial lending from Graysbrook Capital, you can do that.
For a moment, it seemed like everyone was flipping houses for a profit. While the idea of flipping houses can be tempting, there is a lot more to it than “Find It, Buy It, Fix It, Flip It”.
Does the idea of house flipping interest you? Do you ever dream of knocking down walls or picking out fresh flooring? Maybe you’ve seen a house for sale or a foreclosure that seems to be calling your name, but you just don’t know where to start or if you can afford this next adventure?
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…
Broker Scenario #1 Commercial CRA Debt Problem: Client is self employed & owns 3 commercial properties. Clients wish to retire and all three properties are for sale. Clients owe $90,000 in back taxes and wish to pay debt before properties are sold. There is a small 1st on one property, other two are owned clear. Graysbrook…
Broker Scenario #1 Purchase Land Problem:Client is looking to purchase a piece of land and build a home. The purchase price of the land was $60,000, and the client had $30,000 to put towards the purchase. The clients were turned down by the banks. Graysbrook Capital Solution: The broker called to see if there was…