Land Financing
Toronto Private Mortgage is the way to go if you want a land loan. We provide financing for all types of properties, whether it be an investment property or something else entirely.
Toronto Private Mortgage has helped hundreds of people with their mortgages and will continue looking out for potential clients so they don't miss any great opportunities in this ever-changing world we live in. These days where everything changes at lightning speed, makes planning hard enough without having disruptions thrown into our lives too often thanks largely due to economic shifting caused by major events overseas like war zones.
Land loans are a great way to purchase land, whether it's for development or not. They can be used with vacant lots and small acreages as well.
Lenders looking to offer loans for the purchase of land are typically more stringent with their requirements and demand higher interest rates. This is because they perceive risk in this type of mortgage.
Not all private mortgage lenders would offer loans on vacant lands because it offers less security than land that has already been developed. A large down payment ensures lenders that you have enough equity in the property and would somewhat secure the loan. Most Private lending companies do not go over 65% loan to value (LTV) on vacant land.
When it comes to raw vacant land, Toronto Private Mortgage has some of the best investors and private lenders on hand to fund your next project. Our lenders are easy to work with and make the application process hassle free for our clients that are interested in purchasing raw vacant land.
If you're denied for any reason, don't hesitate to reach out - we'll work with you and come up with the right plan in 48 hours!
Toronto Private Mortgage has helped hundreds of people with their mortgages and will continue looking out for potential clients so they don't miss any great opportunities in this ever-changing world we live in. These days where everything changes at lightning speed, makes planning hard enough without having disruptions thrown into our lives too often thanks largely due to economic shifting caused by major events overseas like war zones.
Land loans are a great way to purchase land, whether it's for development or not. They can be used with vacant lots and small acreages as well.
Lenders looking to offer loans for the purchase of land are typically more stringent with their requirements and demand higher interest rates. This is because they perceive risk in this type of mortgage.
Not all private mortgage lenders would offer loans on vacant lands because it offers less security than land that has already been developed. A large down payment ensures lenders that you have enough equity in the property and would somewhat secure the loan. Most Private lending companies do not go over 65% loan to value (LTV) on vacant land.
When it comes to raw vacant land, Toronto Private Mortgage has some of the best investors and private lenders on hand to fund your next project. Our lenders are easy to work with and make the application process hassle free for our clients that are interested in purchasing raw vacant land.
If you're denied for any reason, don't hesitate to reach out - we'll work with you and come up with the right plan in 48 hours!