Mortgages for Builders in Calgary
Securing financing has become the most challenging part of the home building process in Calgary.
Our primary focus at Spire Mortgage Team is to make sure that your clients are properly pre-approved so that when they begin building their new home, there are no financing hiccups.
Well-versed in AAA, Alt A, Alt B, private and commercial lending, we are able to provide mortgage approvals to every client profile.
With multiple options for construction financing, we are able to provide both construction draw mortgages and completion financing.
Given our many years of experience working with custom builders in Alberta, we know that every draw mortgage differs. We understand that many builds require more than the traditional 4 draws and that builders lien holdbacks can be crippling to a project. We’ve got a wide variety of options between AAA and Private financing available in different combinations to suit every deal.
Spire Mortgage Team has access to rates holds up to 24 months. Rate holds are available at best market rates to protect clients from interest rate volatility over the build period.
In addition to construction financing for clients, Spire Mortgage Team specializes in take-out financing for builders’ inventory as well as land acquisition.
Current Best Available 6-month rate hold: 5.34%
Current Best Available 12-month rate hold: 5.49%