With the right loan, you can finance the cost of construction to develop a commercial or industrial property from the ground up. MORTGAGE CAPITAL INVESTMENT (MCI) is your Ontario mortgage broker for new construction lending. With an extensive network of trusted and insured lenders, we will work to secure competitive rates and favourable terms for your project.
Construction mortgages are unique to standard commercial mortgages. A loan is distributed throughout project milestones with the lender and construction firm communicating regularly to ensure that setbacks are avoided. At completion, your project becomes a real estate asset that can serve as collateral for a traditional commercial mortgage.
If you don’t have the capital for expansion or a new venture, we can help. Contact us today to learn more about Ontario construction mortgages and benefit from the support that only an experienced broker can provide.