$750K Private Mortgage in British Columbia Enables Builder to Acquire New Lot Ahead of Construction Mortgage Financing

Client: Established Builder, British Columbia

Property Value: $2,300,000 CAD (Near-Completed Project)

Loan Amount: $750,000 CAD via Private Mortgage Facility

An experienced BC-based builder approached us while nearing completion of a single-family residential project. Although he had substantial equity in the nearly finished property, traditional lenders were unwilling to offer financing to acquire the adjacent lot—stalling his next development phase.

We arranged a $750,000 short-term private mortgage facility secured against the equity in his existing project. Priced at 10% with a 1% lender fee, the loan provided fast, flexible capital without requiring additional collateral or outside guarantees.

The client closed on the new lot within days, maintaining project momentum and securing a prime development opportunity. Upon the sale of the original property, the short-term loan was repaid in full without penalty.

Following this, we arranged full construction financing for the new development, enabling our client to immediately proceed with breaking ground.

This case illustrates how timely private mortgage structuring can unlock equity tied up in ongoing projects—allowing builders to act decisively, seize opportunities, and scale without disruption. Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.

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