If its possible to avoid providing a private mortgage as a construction loan, we always would suggest that. Equity take outs are less expensive, have less paperwork and less restrictions.

If there is a property with significant equity, its almost always better to use that property instead of the construction property itself.

View our first mortgage / second mortgage pages, or contact us directly to discuss your specific situation.

Bank construction loans are often rigid, paperwork-heavy, and slow-moving. We offer a more streamlined, common-sense approach. You won’t need to jump through endless hoops or wait weeks for approvals. We assess your project based on equity, feasibility, and budget—not just income and credit.

We fund new builds, major renovations, additions, tear-down and rebuilds, and value-add construction on residential properties across Ontario. If you have a clear plan and equity in the property, we’re happy to review your deal—even if traditional lenders won’t.

No. Our lending is equity-based, meaning we focus on the value of the land or existing property and the potential of the completed project. We also encourage tagging principal residences or other properties if you own them, to maximize equity take outs (which is cheaper than construction financing). Credit and income are considered, but they won’t make or break the deal if the numbers make sense.

We align our draw schedule with your construction budget, not a rigid formula. We’re also flexible with how we verify progress:
Rather than requiring formal appraisals at every stage, we’re often comfortable with photos, videos, and basic updates to confirm work is being completed. This keeps your project moving smoothly without costly delays.

We don’t expect everyone to be a seasoned builder—but if you're working with a reputable contractor or project manager, that’s a major plus. We’ll look at the full team, budget, exit strategy, and your overall plan.

If you are new to this, we will generally structure the loan in a different way to ensure you get to the finish line with less surprises and headaches.

Once we have the project details—including property value, plans, budget, and permits—we can often issue a commitment within 24 hours. Funding can follow shortly after, depending on the project stage and paperwork readiness.

Additional advances can happen the same day as a request, assuming all of our conditions are met.

We typically ask for:

• A completed application

• Recent credit report

• Project budget and timeline

• Building permits (if applicable)

• Site photos or plans

• Details on your contractor or builder

• Property tax statement and existing mortgage statement (if applicable)

• Proof of additional funds or savings to account for unforseen delays or costs

Every file is reviewed individually—so if you’re missing something, we’ll work with you.

Construction mortgages are generally short-term—6 to 12 months—depending on your timeline and exit strategy. If needed, we can discuss extensions or refinancing options as your project nears completion.

This usually involves refinancing into a traditional mortgage once construction is complete, or selling the finished property. We’ll discuss this with you upfront to make sure it’s realistic and achievable.

We’re known for being easy to work with, responsive, and solutions-oriented. You’ll deal with real people who understand construction—and we’ll support your project by being flexible, fair, and fast. Less red tape. More progress.