Land/New Development Loans
Canadian Financial offers lot/land/new development loans to customers who have found the perfect property to build their home or business facility – but who aren’t quite ready to start construction yet.
A lot/land/new development loan allows you to secure your building site so you can continue to get ready to construct your home or business. Even if you have not decided on a builder yet – a new development loan ensures that you are able to purchase the lot/land before anybody else does! This can help ease some of the stress and allow you to focus on your building plans.
Lot/land loans are typically shorter term loans as the lender understands that the client will soon be building a home or business on that property and as such will be paying off the lot/land loan with a construction or permanent loan.
Canadian Financial always recommends to get the property professionally surveyed. This will identify the property lines, dimensions, any easements and access. All of these aspects will influence the property’s value. It is also important to check with your municipality regarding zoning. It’s important to have all of this information before requesting a lot/land/new development loan.
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!
Don’t Miss Out on Your Dream Property – Purchase That Land Today!
Here at Canadian Financial – we take the time to listen to your unique requirements so that we can provide tailored lending services to meet your needs. Our consultations are always free, friendly and informative. Please contact us by phone, email or by filling out the quick contact form below and we will be in touch within 24 hours.
Ottawa Head Office: 1-613-271-2962
Toll Free: 1-844-804-5720