CMHC - Insured Construction
Wildwood Capital Inc. is now in the position to provide CMHC-Insured Construction Loans for Condominium Projects in any amount at
Terms: From 6 months to 48 months
Conditions: Maximum Loan equivalent to 75% of Gross Residential Sales Revenue (inclusive of GST), not to exceed 85% of capital costs, or the lesser of the two.
-All advances are made on a "work-in-place", cost-to-complete basis.
-15% of equity needed - half of it can be used with the purchaser's deposits.
One can expect to save around $550,000.00 on a $20,000,000.00 loan.
Wildwood Capital Inc. is also in a position to arrange equity portions if necessary.
We can provide from $1,000,000 to $25,000,000 on the Equity Mezzanine portion.
In the last couple of months, large developers in the city have moved to this form of financing. We are sure that your company will see the incredible savings and do the same.