Residential & Land Financing

We can help!

Residential & Land Financing

Want to buy a mixed-use property? Looking at a multi-residential project? Looking to buy vacant land? We can help!

Get Residential and Land Financing:

  • Invest in mixed-use property
  • Acquire a multi-residential asset
  • Finance vacant land for development
  • Finance vacant land for rezoning

 


CASE STUDIES:

STUDY 1: Purchase of Luxury Condo Hotel

Asset Value: $21,000,000

Needed: $9,500,000

Challenge
  • Luxury Condo Hotel purchased pre-construction for 5.5 Million with 2 Million down payment
  • Current Condo value 8 Million, with banks not trusting the current Luxury condo market
  • Needs to Refinance his matrimonial home worth 13 Million with 10 Million in equity
  • Business overseas
Solution
  • Private mortgage for $9,500,000
  • Competitive Private Mortgage Rate(*APR)
  • Client was able to buy out the condo and flip it at a profit

Paid out the private mortgage from proceeds

 

STUDY 2: Spousal buy-out

Asset Value: $950,000

Needed: $902,500

Challenge
  • During the separation process clients could not refinance their property to more than 80%LTV
  • Equal property share could only have been achieved through sale of the property
  • Property has been in the family for generations and client did not want to sell it
Solution
  • 95% Refinance through bank
  • Discounted Bank Rate(*APR)
  • Client was able to keep their heritage home in the family
  • Spouse received her equal share

 

STUDY 3: Farm Land Refinance

Asset Value: $950,000

Needed: $902,500

Challenge
  • Client suffered injury and was unable to produce anything on the farm
  • Banks did not want to refinance the farm without income
  • Client needed 80% LTV refinance to cover expenses and medical bills
Solution
  • 80% LTV Refinance through credit union
  • Discounted Bank Rate(*APR)
  • Deal approved on the basis of Christmas trees which would be due for maturity in a few years

Client received enough equity to last him through his recovery

If you have unrealized plans to break new ground and have had difficulty getting financed give us a call today. We’ll provide you with a free consultation to review the particulars of your project and find you a quick and efficient solution to help you make it happen.

More About Us

Why Us

Benson Mortgage is built by Canadians to help Canadians, and that’s exactly what we manage to do.

Our many years of experience in the industry have taught us how to bring you the best results, and we pride ourselves on doing so. So pick Benson Mortgages today, and help guarantee the value of your home.

About Benson Mortgage

At Benson Mortgages you can expect the submission, processing and funding of your mortgage application in Canada. You also receive updated Canadian mortgage news to help you understand the fastest and most efficient mortgage solution that is available to you.

 

 

Request more info


Name


Email


Phone


Description

Sub-title

GET INSTANT APPROVAL
FOR UP TO $300,000