For residential construction projects ONLY
Short-term (one year or less) in nature
For wood-frame buildings
On projects located in Western Canadian urban markets
Targeted at a Total Loan to Value not exceeding 75%
Total estimated profit:
Loan cost:
*The online calculator is provided for illustrative purposes only.
Read full disclaimer
The online calculator is provided for illustrative purposes only and the information obtained by using the online calculator is not, and should not be taken as, legal or financial advice to any person or company. Results may vary depending on the accuracy and comprehensiveness of the information you provide while using the online calculator. The online calculator is not substitute for consulting a qualified professional. As such, the Builders Capital makes no representations and does not warrant, either expressly or by implication, that costs generated by the online calculator accurately or comprehensively indicate the cost of borrowing. Builders Capital accepts no liability whatsoever for any losses or liabilities allegedly arising from the use of the online calculator by any person or company.
The Fund specializes in a pool of mortgages secured by real property, focusing exclusively on residential construction projects. These loans are short-term, with maturities of one year or less, and are specifically for wood-frame buildings situated in urban markets within Western Canada. The mortgages are targeted to maintain a Total Loan to Value ratio not exceeding 75%.
Max loan to value is 75% in urban areas, lower in non-urban areas
Must have tangible verifiable equity for the balance of their 25%
Must have plans, specification and construction budgets
Must have proof of qualification for new home warranty
Must have economically viable construction prospects, i.e. salable for more than the cost of construction
Property zoning must not be agricultural
Construction type must be wood framed construction
Multifamily type construction not to exceed 4 million in project size
No raw land development or lot servicing loans
No loans or projects that fall under “Part.3” of building code
Investment purposes only
In Alberta, we prefer to lend to corporate borrowers, in British Colombia we have no preference
Economically viable projects
Reasonable experience commensurate with the scope of the project
Economic viability
