LAND DEVELOPMENT FINANCING IN SURREY, VANCOUVER BC

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Land Development Financing

Land development financing is unique in Surrey, Vancouver BC. It isn’t the same as your conventional mortgage. It can qualify as commercial mortgage but the requisite also matches the ambit of project financing or construction financing. In myriad ways, land development financing in Surrey, Vancouver BC can be considered the same as construction financing, farm land financing if it is for a farm, project financing depending on the scope or rental properties financing. Thus, you can apply for land development loan in Surrey, Vancouver BC to develop a piece of land depending on its intended purpose, scope and your loan requirements.

We at Alpha Mortgage Housing Corp specialize in all the land development mortgages in Surrey, Vancouver BC. That is why we are the most preferred mortgage brokers. A mortgage agency that deals only with residential mortgage or commercial mortgage may not be able to help you get the land development financing in Surrey, Vancouver BC you need. Take for instance the case of developing a farm. For you to get some help from any mortgage brokerage in such a scenario, the firm would need to have prior experience in rural lending. Financing for farms and farmlands has very different requisites than a standard mortgage to buy a condo. Likewise, commercial properties which are basically any real estate other than your residence would be treated differently by lenders.

As your land development financing agency in in Surrey, Vancouver BC, we would offer you all the choices you need, actually more than that. You can check out all lenders who are into land development financing in Surrey, Vancouver BC. We would offer you propositions from banks, financial institutions and you would also get access to private financing. Often, it is easier to get private financiers or lenders and they don’t always charge an exorbitant rate of interest. You may also try out our secured lines of credit if they can satiate the loan amount requirement. Your loan requirements may not be as high as to qualify or be suitable for a commercial mortgage. Secured lines of credit can easily get you tens of thousands of dollars and you can keep borrowing more as you progress with your development project. You don’t need the entire fund at the same time as the need would arise as your project shapes up. To borrow the whole amount at once and to pay interest on that for the period when you wouldn’t be using the money isn’t a very sound financial strategy.

We can help you in more ways than you can imagine. With our portfolio and plethora of options, you would certainly get the best land development financing in Surrey, Vancouver BC.

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