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Mortgages

Mortgages for Construction Projects

What do we offer?

We can facilitate financing of construction projects for you if you are:

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  • A builder who owns a lot and is looking to build it on spec
  • A land owner who wants to build a property to sell OR keep for personal use
  • A builder who builds for end users and requires construction financing
  • An investor who hires a builder to build on land you own OR has purchased to sell or keep for personal use
  • A property owner who would like to make use of existing real estate equity to acquire and build another property
  • A builder, end user or investor who is looking for a bridge loan to advance construction to the next stage OR complete construction
  • A builder, end user or investor who wants to purchase a property and requires financing to build it
  • Down payment – generally 90 days (could be 30 days) of banking or investment history to show the source of your down payment. Depending on the composition of your deposits, you may be required to provide further proof
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9 steps to securing a construction mortgage

Very important points to focus on while in the process of securing your construction loan

Send me the free guide
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How can we help?

We make securing your loan easy, but here are some points to consider

  • This can be a 1st, 2nd, or 3rd mortgage. The rate is subject to change based on ranking
  • Up to 70% of the appraised end value, although this could be higher and is dealt with on a case by case basis
  • Draws can be advanced once 15% of the construction process is reached – this is known as backfill
  • There will be a 10% holdback on each draw
  • The lender, legal and broker fees will be deducted from the 1st advance
  • Starting from the second advance draws are subject to an inspection fee plus a legal fee
  • The loan will be advanced based on the work in place
  • Interest will be charged on the funds advanced
  • Interest can be paid monthly OR deducted from each advance
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We can help you secure the funding you need!

We understand the unique financial needs of our borrowers and offer solutions, even on challenging deals.

Book a call

Recent Construction Transactions

$4,095,000
Severance &
Construction of
Two Residential
Homes
Self-Employed
GTA

$19,900,000
Mixed Use
Development
Self-Employed/
Builder
GTA

$400,000
Residential
Single Family
Home
Business Owner
GTA

Our Client Testimonials

Real People. Real Results.

GreenFlow Financial
5.0
Based on 68 reviews
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Roxanna DehghanRoxanna Dehghan
00:48 30 Nov 24
I recently had the pleasure of working with Greenflow Financial to secure a mortgage for a townhouse I purchased in Vancouver, BC. In a challenging situation with tight timelines, Reza and Anne provided exceptional service and went above and beyond to support me. Their professionalism, attention to detail, and commitment to ensuring everything was handled smoothly were evident at every step of the process.Despite the unique circumstances and time constraints, they not only met the deadline but also demonstrated kindness, care, and a level of service that exceeded my expectations. I truly appreciated their thoughtful approach and dedication to helping me succeed during a critical time.I highly recommend Greenflow Financial to anyone looking for reliable, professional, and efficient mortgage services.
Behrooz RajabifarBehrooz Rajabifar
03:46 06 Feb 24
Nima Hessami - HessMe RealtyNima Hessami - HessMe Realty
21:46 05 Feb 24
Very professional, friendly and helpful. Both the front and the back end teams work with the kind care to ensure the client's needs are met nicely and all of their questions answered. Also very smooth closings. As a Realtor it's been a pleasure working with Reza and his team. Highly recommended :)
Kambiz FrounchiKambiz Frounchi
03:00 16 Aug 23
We can’t say enough good things about Greenflow Financial. My wife and I contacted Greenflow Financial recently to set up a mortgage for an investment property and they were nothing short of amazing. Reza and Anne were responsive, knowledgeable and diligent throughout the entire process. We worked closely with Anne and she was very professional and dedicated in getting us across the finish line with our mortgage. We would not hesitate to work with them again!
Mitra TahmasebiMitra Tahmasebi
17:18 15 Aug 23
Hi,they are very honest and adherent to promiss ,answering your questions anytime.-Very Knowledgeable-good working teamThank you
mohd ashiqmohd ashiq
11:32 11 Jul 23
Helpful, knowledgeable, respectful, resourceful and most importantly gets the job done !!
Kayvan PezeshkiKayvan Pezeshki
02:45 29 Mar 23
Excellent service professional staff.
vahid jamshidivahid jamshidi
17:50 14 Feb 23
At a time when I had no hope of getting a loan, I was able to get this loan to buy an apartment for investment.
Soheil KhojastehSoheil Khojasteh
13:59 29 Jan 23
GreenFlow Financial was very helpful throughout our entire renewal process. They were transparent with everything, and patient with me and my wife's busy schedules. They were also able to offer us the best rates out of anyone else we consulted. Highly recommend them.
Bahare PahlavanBahare Pahlavan
00:58 29 Oct 21
I highly recommend working with Green Flow Financial Services. They are extremely proficient and the costumer service is top notch. They were helpful every step of the way and made sure the process was smooth. Reza Ghazi has great work ethics and is exceptionally professional. Anne is very organized and respectful. They were very persistent and patient and helped us get the best results. Thank you for your help!
Sarah ShojaiSarah Shojai
21:21 10 Sep 20
GreenFlow team's support was one of best experiences we had during the process of buying our new house and getting the best rate Mortgage we even couldn't think of. Working with Anne and Reza made us super confident despite all the difficulties of our situation. Super organized, offering so many options and very reliable team. I highly recommend this great team. Thank you again Reza and Anne for making this stressful process a wonderful experience for us.
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Why Choose Us?

Our Process

We understand that selecting a mortgage broker is a critical decision. That's why our proven process sets us apart. We begin by thoroughly analyzing your financial situation, goals, and aspirations. Our team of experienced consultants then crafts tailored strategies that align with your unique needs.

Step 1

Complete Application and Gather Documentation

Step 2

Application Submitted to Lender

Step 3

Appraisal Ordered

Step 4

Conditional Lender Approval Received

Step 5

Lender's Conditions are Satisfied

Step 6

Congratulations, Your Mortgage has Closed!

What's new?

We believe knowledge is power

We firmly believe that knowledge is power when it comes to managing your finances. That's why we are committed to empowering our clients with the information they need to make informed decisions.

Upcoming webinars

Unlock financial wisdom with our engaging and informative webinars.

Do you want to know the estimated value of your residential property?

Getting started is as easy as booking a consultation and completing an application form.

Mortgage Application
To assist you better, we need to know a little more about you.
Book a Call
We are ready to assist you in reaching your financial target.

GreenFlow Financial is an award-winning mortgage brokerage firm based in Toronto and Ottawa.

Brokerage Lic. #: 12402

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