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Construction Loans
Foremost Financial lending matrix
for construction financing.
Loan to Value
Up to 75% of Land Value plus 100% of hard Construction Costs.
Lenders Fee
Starting from 1.75% of total loan amount.
Prepayment Priviliges
Open in whole or in part.
Repayment
Payments are calculated on a Interest Only basis.
Foremost Financial lending matrix
for construction financing.
Lending Area
Hamilton to Bowmanville, north to Collingwood
Other urban centers considered on an exception basis.
Outside GTA
Sub prime real estate
Single purpose real estate
Sub prime covenant |
add .5% to 1%
add .5% to 1%
add .5% to 1%
add .5% to 1% |
Loan Amounts
$500,000 to $5,000,000
*Note: Rates and terms are subject to change without notice.
Contact Information:
Paul Rayment ext. 288 paul.rayment@foremost-financial.com
Ivan Stone ext. 222 istone@foremost-financial.com
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