Loan Summary

Loan amount:


Mortgage position:



Multi-family Development


Cost-to-complete Construction

Loan Term:

12 months



Land refinancing and construction loan for three detached homes in St. Catherines, ON

Morrison Financial was engaged to provide land refinanc­ing and cost-to-complete construction financing for three custom homes in St. Catharines, ON. The property is well situated northwest of downtown St. Catharines and fronts a river. The subject project is a joint venture between a real estate entre­preneur and an experienced construction manager. Two of the three homes have been pre-sold to validate the project end value. Today, the property has been site serviced and foundation work is underway.


Catherines, ON

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