Construction Financing

Blog-Date-1Jul 22, 2016

Construction of 1,807 sq. ft. bungalow on 28.7 acres in Merrickville, ON.


Clients are building a 1,807 sq. ft. bungalow with 2 bedrooms and 2 bathrooms on 28.7 acres (value was based on 10 acres). Strong income and job security shown through NOA’s for both applicants.

Broker will arrange take-out; if TDS is an issue, Pillar is able to provide take-out financing at a rate lower than what was provided for construction. Another short-term solution, another happy client!

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