Purchase of Land Held for Development

1st Mortgage Purchase of Land Held for Development in Mount Pearl, NL.

An experienced builder had an opportunity to purchase a vacant infill parcel of land in Mount Pearl, NL (suburb of St. John’s) being rezoned to medium density to accommodate construction of two, three-storey, 24 unit multi-residential buildings. Having a relationship with Moskowitz Capital, allowed our borrower to be the first builder in town to jump on this opportunity, knowing they had the financial backing.