BORROWERS and BROKERS
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1st Mortgage Term Loan in Paradise, NL.
This building lot is soon to be developed with a multi-family building. Our client needed time to get its plans together and that is exactly what our loan provides.
1st Mortgage Construction Financing For Two Neighbouring Single-Family Dwellings in Halifax, NS.
Construction of two speculative 1,800 sq. ft. single-family dwellings in Halifax, NS. The sponsors are an electrician and a contractor with decades of experience. The properties are well located in a new subdivision close to downtown Halifax.
1st Mortgage Term Loan for a Single-Storey Multi-Unit Automotive and Retail Building in Whitby, ON.
The borrower made application to traditional sources of capital, however due to the tight closing time, these organizations were unable to react quickly enough.
1st Mortgage Construction Financing For Two Neighbouring Single-Family Dwellings in Regina, SK.
An existing single-family dwelling was removed and the lot is being improved with two new two-story homes. Moskowitz Capital is proud to be a part of this project.
1st Mortgage Commercial Condominium Inventory Financing in Pilot Butte, SK.
Our financing allows the borrower to complete the building and provides time for units to be leased or sold.
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.
- Loan Amount: $250,000 to $9,000,000
- 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