Frequently Asked Questions
A construction loan is a loan secured on a property being constructed. The funds are used to pay for the construction costs.
You can choose our interest-only payments or incorporate the interest into the loan.
Call us at (416)225-6900 to speak to a Tribecca lending specialist or apply online in minutes.
Is there any particular stage of construction that I need to be at in order to be eligible for a loan?
No, you do not have to be at any particular stage. Whether you are starting to build or part way through, we have lending products to help you complete your project.
We provide approvals within 48 hours and you will receive the funds within 10 business days.
We work with you to determine an advance schedule and you only pay interest on the amount advanced at each stage.
Your monthly payment will be automatically debited from your bank account.
We lend in the Greater Toronto Area and Surrounding Cities.