Semi-Detached Construction and Subdivision Lots Held for Future Use

1st Mortgage Construction of Semi-Detached Dwellings in Warman, SK.

This loan is for the purpose of constructing a speculative 1,458 sq. ft. per side semi-detached family dwelling in Warman, SK, a bedroom community to Saskatoon. The loan also provides funds to secure three single-family dwelling building lots in Warman for future use. The borrower is an experienced home building company who needed additional funding, alongside its current bank borrowing.