Flexible Construction Financing for Builders, Investors, and Homeowners
Planning to build a home, rental property, multi-family development, or commercial project? Best Rates Mortgage provides construction loans and construction mortgage solutions throughout BC.
Unlike many traditional lenders that limit financing to approximately 65% of the completed appraised value, we can provide financing of up to 75% of total project costs, including:
- Land acquisition
- Soft costs
- Hard construction costs
- Development expenses
Our goal is to help builders and property owners access the funding they need while maintaining flexibility throughout the construction process.
Why Choose Best Rates Mortgage for Construction Financing?
Through our network of more than 40 lenders, we can help structure construction financing solutions tailored to your project.
Benefits may include:
? Financing up to 75% of total project costs
? Interest charged only on funds that have been advanced
? No interest on unused funds
? Open mortgage terms with no prepayment penalties
? Fast approvals and flexible underwriting
? Simplified draw schedules
? Reduced red tape throughout the financing process
Our experienced mortgage brokers work closely with builders, developers, and homeowners to ensure funding is available when you need it.
Construction Projects We Finance
We provide financing solutions for a wide variety of projects, including:
- Owner-occupied homes
- Single-family homes
- Spec homes
- Rental properties
- Multi-family developments
- Mixed-use projects
- Vacation properties
- Acreages and rural developments
- Small-scale commercial construction
Whether you’re building your first home or managing a larger development project, our team can help guide you through the financing process.
How Construction Mortgage Draws Work
Construction financing is typically advanced in stages as your project progresses.
One of the advantages of working with Best Rates Mortgage is that interest is generally charged only on the funds you’ve actually drawn, helping reduce carrying costs during construction.
Our team works with lenders that offer clear draw schedules and efficient funding processes to keep your project moving forward.
Experienced Construction Financing Specialists
Construction lending requires expertise, planning, and lender relationships.
Our experienced brokers and underwriters understand the unique challenges builders and developers face and will help you:
- Structure the right financing solution
- Navigate lender requirements
- Manage construction draw schedules
- Secure competitive financing options
- Keep your project on track
Request a Construction Financing Quote Today
Whether you’re building a custom home, investment property, or development project, Best Rates Mortgage can help you secure the financing you need.
Call today at 604-980-5459 or submit an application online to discuss your project with a construction financing specialist.
Apply Now
604-980-5459