Canada Mortgage Plus can help get that necessary Toronto construction mortgage loan that you need to jumpstart and start developing your construction site with pre-construction advance payments..

We will maximize your lending potential by using favourably-engineered calculation formulas that will optimize your chance to secure that mortgage for your construction site. site.

Serving the Greater Toronto Area proudly, we’ve worked with many prominent construction firms who’ve been dependent on Canada Mortgage Plus Inc. to make sure that they are financed or re-financed in their Toronto construction mortgage endeavors.

Whether it's fixed or variable rates, for short-term loans (1 year) to long-term mortgages (up to 25 years amortization), we can help you get favourable rates, lowered interest rates during construction and the necessary funds.

We help you start a self-build and customized Toronto construction mortgage plan for you, and help you understand all the factors, terms and clauses that will give you the necessary insight. For example, we will explain the tripartite or three-headed monster structure of the Toronto construction mortgage agreement:

(1) usually, the bank will secure up to 40% of your Toronto construction mortgage plan as the physical construction reaches its first phase of complete;

(2) the bank will guarantee the second construction loan installment will be given when the construction reaches up to 75% of completion; and

(3) lastly, the bank will finalize the construction loan agreement once it is completed.

Our expert mortgage team will crunch numbers and enhance your portfolio by emphasizing the strong points of it to banks, and get you that Toronto construction mortgage you need to start-up and finalize your project.

We will make sure that your Toronto construction mortgage loan is set-up in stages where interest only payments start kicking-in when your construction project is complete, and not when you are still in the stage of development as that’s the most financially vulnerable time (as costs are incurring and money is not coming-in).

This end-heavy interest payment in your Toronto construction mortgage plan means that interest payments will be able to be easily paid-off when your cash-flow increases.

Whether it is multi-residential to industrial property, choose the Canada Mortgage Plus option, as we stay provide flexible financing solutions and work on your behalf!