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Updated over 6 years ago on .

Julie Toh's profile image
Julie Toh's profile image
Julie Toh
  • Specialist
  • from Mortgage Broker Canada
  • Member since Aug 23, 2015
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316
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Julie Toh's profile image
Julie Toh's profile image
Julie Toh
  • Specialist
  • from Mortgage Broker Canada
  • Member since Aug 23, 2015
Connect
Julie Toh
  • Specialist
  • Mortgage Broker Canada
118
Votes |
316
Posts
Private Lending & Conventional Mortgage Advice

Loan-to-Value for construction loans

Julie Toh
  • Specialist
  • Mortgage Broker Canada
Posted

Hi everyone, I found a lender in Canada that will lend up to 75%  total construction cost including land. A fully open term, no standby fees for funds not drawn, interest reserve held during the course of construction. Rates from 8.5%, fully open term. I'm wondering if anyone knows of any lender that can offer up to 80% loan-to-value? 

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