Construction Financing

Whether you’re a large tract builder constructing 100’s of homes a year, a home builder specializing in customized construction, or a small builder just starting out, CFCL Business Finance Group have access to unique builder financing programs to meet all your needs.

• Draw Financing to the builder on both pre-sold and speculative basis.
• Competitive construction rates
• Flexible draw schedules

 Draw Mortgages

The Draw mortgage program allows the borrower to receive funds on each home as construction proceeds.  Advances are available at each stage of construction:

• Lock-up – 35% to 55% complete
• Drywall – approximately 75% complete
• Completion – 100% complete
• Additional draws may be available in specific cases, if approved

Funds are advanced to client’s solicitor upon completion of a satisfactory inspection.  

Consumer Offer

In addition to arranging your financing, CFCL Finance Specialist can look after all your purchasers financing needs.

• Unparalleled choice to the purchasers.
• Can choose from over 30 other lenders. 
• All our products have competitive rates and terms available.
• Financing Solutions for customers with unique qualification issues or pervious credit issues.
• CFCL Finance Specialist is available to meet clients in their home or office at a time that is convenient for them.

By dealing with CFCL, there are certain benefits that you could look for: quick processing for construction loans, competitive pricing for construction loans, and in some cases - guideline exceptions. These benefits save you time, money, and aggravation.