Construction of 5 Townhomes

1st Mortgage Construction Loan 5 Townhomes in St. John’s, NL.

A past borrower was looking to fund their newest spec 5 unit townhome project in downtown St. John’s. Their plan was to secure financing from a local hardware store. We showed the builder the savings achieved with a Moskowitz Capital mortgage over the hardware store financing and the builder happily switched their plan. In addition to the financing savings, the builder gained flexibility to shop around for construction materials from various suppliers, likely reducing their costs even further.