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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.  HLC is the only Mortgage brokerage in Canada with a dedicated builder program that offers unique builder financing programs to meet all your needs

 

About the HLC Builder Program

  • HLC Builder Specialists are your dedicated relationship manager and single point of contact for all your financing needs.
  • Dedicated turn key service include: Credit Facility Management; Annual Customer Partnership Planning Session, Speculative Financing, Purchaser Mortgages, Draws, Inspections and much more…        
  • HLC has one shareholder – CIBC.  What does that mean to you?  Unquestioned backing and capital of CIBC.
  • HLC’s capital strength translates into available builder capital for your construction needs.
  • Straightforward, simple credit facility application process through HLC Builder Specialists.

 

Builder Product offer

  • HLC offers Draw Financing to the builder on both pre-sold and speculative basis.
  • No front end fee’s
  • No back end fee’s - Cancellation fee waived with HLC Purchaser Mortgage
  • Competitive construction rates
  • Flexible draw schedules

 

Draw Mortgages

Our draw mortgage program allows you to receive funds on each home as construction proceeds.  Advances are available to you at each stage of construction:

  • Lock-up – 35% to 55% complete
  • Drywall – approximately 75% complete
  • Completion – 100% complete
  • *additional draws may be available with approval

Funds are advanced to your solicitor upon completion of a satisfactory inspection.  On occasion, funds may be available the same day of the request.

 

HLC Builder Credits

Your HLC Builder Specialist can sit down with you to customize a mortgage financing program which includes HLC builder credits.  An HLC builder credit will accommodate your spec and pre-sold requirements on a revolving basis. 

We’ll review your financing needs, gather the appropriate paper work, and submit your credit requirements for approval.

Once the program is in place, HLC will review the builder credit annually to ensure that all your mortgage needs are met.

 

Consumer Product Offer (Takeout Mortgages)

In addition to arranging your financing, your HLC Builder Specialist is available to look after all your purchasers mortgage needs.

  • The HLC broker model provides your purchaser with unparalleled choice.
  • Your purchasers can choose from CIBC, Presidents Choice Financial, FirstLine and over 30 other lenders. 
  • All our products have competitive rates and terms available.
  • Mortgage Solutions for customers with unique qualification issues or pervious credit issues.
  • HLC has private label product offerings like our popular Builder Flex Mortgage.
  • Your Builder Specialist is available to meet your customers in their home or office at a time that is convenient for them.

 



The HLC Builder program specializes in all areas of construction financing. We only do builder mortgages and with this focus, we have become the premier source of builder financing in Canada.

HLC is committed to make your goals a reality, contact a HLC Builder Specialist today!

 

 

 

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