Spec Home Construction
1st Mortgage Construction Loan Spec Home in Swift Current, SK.
An experienced home builder required quick funds to complete a spec home in a new subdivision in Swift Current, Saskatchewan. The builder was financing construction costs with his consumer credit cards. Moskowitz Capital provided funding for land acquisition and house construction, which both lowered our borrower’s cost of capital and began to increase their Beacon score. At Moskowitz Capital, we believe when it comes to construction, it is important to build a relationship with a lender that can continue to provide financing as the builder grows. Our borrower believed this too.