Construction Loans
Canadian Financial offers construction loans to help our customers construct their new residential or commercial buildings. A construction loan is usually a short-term loan that is used to pay for the cost of building a home or business. Construction loans are often offered for a set-term (i.e. one or two years) depending on the complexity of the project. Construction loans help the home-buyer or the builder to cover the project costs before obtaining long term funding (which Canadian Financial also offers).
Once the construction on your building is completed, you have a few options. You can either decide to refinance the construction loan into a mortgage, or you can obtain new loan to pay off the construction loan (often referred to as the end loan). Build the property of your dreams with a construction loan from Canadian Financial!
Looking for a Builder?
Canadian Financial is partnered with Canadian Comfort Services – a National Residential and Commercial Construction Company. Canadian Comfort Services offers unparalleled craftsmanship, cutting edge design and impeccable project management. From custom log cabins, to homes, to commercial buildings – Canadian Comfort Services does it all!
Let’s Discuss Your Unique Funding Requirements
Here at Canadian Financial – we take the time to listen to your unique requirements so that we can provide tailored financial services to meet your needs. Our consultations are always free, friendly and informative. Please fill out the following short form with your contact information and a very brief overview of the project you’re looking to fund/service you’re interested in and we will be in touch shortly to schedule a phone or in-person meeting.