Spec Inventory Loan

1st Mortgage Inventory Loan Spec Homes in Dundurn, SK.

Our client, a father/son building company from Saskatchewan, was facing a quiet winter real estate market, leaving them with several unsold spec homes. They were borrowing $435,000 at 15% from a private Alberta lender. Moskowitz Capital was able to lower the builder’s cost of capital and free up equity, by offering an interest only loan at 8.99%. This greatly helped our client’s cash flow and profitability during the slow winter months.