BORROWERS and BROKERS
capture opportunities in real estate.
1st Mortgage Building Lot Acquisition and Construction Financing in Regina, SK.
This builder had the opportunity to purchase five lots and needed capital to hold them. Construction financing will be provided as the builder requires. Our deal solves both our borrower’s short term and medium term goals.
1st Mortgage Term Loan in Dartmouth, NS.
A seasoned borrower of ours required an inventory loan in order to complete soft costs on the next phase of its landmark development. Our financing will allow the borrower to move forward on this development with minimal delays, potentially saving it hundreds of thousands of dollars in the long run.
1st Mortgage Construction of a Single-Family Dwelling in Warman, SK.
The builder has self-financed this project to date, however needed capital to bring it to completion and market. Moskowitz Capital funding spec home construction allows our builders to focus on building and letting their product speak for itself.
1st Mortgage Construction of a Single-Family Dwelling in Saskatoon, SK.
Moskowitz Capital provided construction financing on a cost-to-complete basis for this infill single-family dwelling. The borrower had self-financed to date and used our funds to complete construction. We pride ourselves at getting builders across the finish line.
1st Mortgage New Home Construction in Regina, SK.
This loan is to one of Regina’s larger home builders. Our funds will be used to construct two new inventory homes. Located in a desirable new subdivision, these homes are similar to the approximately 50 this builder constructs each year.
1st Mortgage Duplex Construction in Regina, SK.
Construction of an infill rental duplex in Regina, SK. This is a build-for-self project taken on by the borrower who is a growing home builder.
1st Mortgage Land Held for Development in Halifax, NS.
This loan, to one of Halifax’s largest residential landlords, is to purchase nearly one acre of prestigious South Halifax residential lands for future development. Currently an older mansion, divided into four apartments, the plan is for the building to be torn down to allow for five high-end single-family dwellings.
1st Mortgage Condo Construction in Saskatoon, SK.
Our borrower needed funds to complete construction of this riverside condo development. Self-financed to date, our capital allowed the borrower to wrap up this project and move on to the next.
1st Mortgage Land Held for Development in Truro, NS.
Moskowitz Capital assisted the borrower in acquiring land from the Town of Truro to consolidate a site for future development of 70 residential units. Additional capital was also provided, allowing the borrower to obtain his equity contribution for a construction loan on a 6-unit townhouse building, financed by a conventional bank. This one loan unlocked two opportunities!
- Loan Amount: $250,000 to $6,000,000
- Term: 6 to 36 months
- Rates: 6.95% to 12.5%, subject to risk
- Lender Fee: 2% to 4% of the loan amount
- Amortization: Often interest only, negotiable
- Prepayment: Flexible
- Guarantee: Personal required in most situations
- Security: 1st mortgage, 2nd mortgage on a selective basis
- Purpose: Residential, commercial, construction, environmental remediation, special situations
- Timeline: Term sheets in 24 hours upon presentation of good information
- Loan to Value: Max: 75% on residential, 70% on commercial, higher loan amounts with additional real estate collateral