Office: 905-841-7344 Cell: 416-566-7344
Percentage Of Completion VS Cost To Complete For Residential Infill Construction

Lets say you have a 2 million dollar construction budget and you’re building a house. And you are expecting to draw down in approximately 4 to 6 draws including the construction lien holdback. What is the best method to get…

Read More

I would like to wish everyone a Very Happy and Prosperous New Year in 2015.  As we begin the year I thought it might be interesting to share with you some of my observations about our real estate market in…

Read More
Registering Mortgages

Registering Mortgages Without a Lawyer Every once in a while a client will come my way and the following factors will prompt me to register the mortgage myself and get the deal done. For the record it's legal in Ontario…

Read More

What is a reasonable Broker Fee I Finance Construction has a minimum fee of $2,000.00 per mortgage depending on the size of the loan and how much work is involved. Beyond that the fee is charged out by percentage point.…

Read More

Whats the difference? Principal Broker, Mortgage Broker and Mortgage Agent  A principal broker (PB) is the broker who usually owns the brokerage or has a senior position in the firm. The PB is directly accountable to private investors because they…

Read More

I Finance Construction has developed a special program for Rent to Own. Basically I have a special contract for these kinds of deals that works out really nicely for the borrower and the lender. This deal works in these situations:…

Read More

Collateral Security is any additional property or assets you own that can provide additional security for your loan. Collateral security is usually enforced with a “blanket mortgage”. This mortgage is registered against the subject property, which is the property being…

Read More

The following points are really important when choosing a General Contractor “GC”. This is what I look for when I am underwriting for a client that is hiring a GC to build the project. Licensed with Tarion; if the GC…

Read More

Construction Financing is advanced in draws; Rates begin at 8% Interest Only 1st mortgage Rates begin at 10% Interest Only 2nd mortgage Broker and Lender fees are usually around 4% of the loan amount. Present Value (PV) and Future Value…

Read More

When you apply for a construction loan or pretty much any private loan, sometimes your going to be asked to pay a commitment fee up front non-refundable. In addition you can be asked to pay an inspection fee, an appraisal,…

Read More