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Construction Financing

If you’ve been thinking about developing a custom home Benson can supply you with the financing you need to make it a reality.

Building Your Own Home

More and more often Canadians decide to create homes that include customized features to represent their personal tastes as defined by their unique lifestyles. Building your own home is an ideal scenario where you can ensure you are getting the exact specifications that you’re looking for, however sometimes unexpected financial challenges can come up. 

This is exactly where Benson can offer support. With our extensive experience managing construction mortgages, we offer guidance through the entire process. One of our representatives will make it a priority to thoroughly explain important facts and details that you need to know about from the beginning of the project right up until your move in date. 

Here are a few important things to consider:

  • Working with a certified architect to design your home
  • Requirements for a construction mortgage
  • Proactively monitoring construction costs for your home build
  • Selecting the right contractor or developer
  • Contracts and agreements with vendors
  • Value of land for your site build

Types of Construction Loans

Construction Loans for Condos
Benson provides construction loans for low, mid and high-rise condominium projects. 

  • Debt
  • Mezzanine
  • Equity 

Freehold Construction Loans
We offer financing for single family and duplex homes.

Commercial Construction Loans
Benson can provide financing for commercial structures such as hotels, strip malls, residential complexes and business office buildings.

Getting a Benson Construction Mortgage will enable you to provide for the cost of buying the best building lot in addition to the development costs of building any customized home. If you already own a lot, or even if you are still on the hunt for that perfect space one of our brokers will be able to help you with all of your financing requirements.

 

Talk to us today to finance your next build!  

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Testimonials
  • I am so grateful to you guys. I just cannot thank you enough for the job you did on my mortgage. I am not sure how you did it but the interest rate you got me is even better than my bank offered me. Excellent job!

    Mrs. Svetlana K., North York, Ontario
  • I just want to thank you for hooking me up with a comprehensive and affordable quote for my mortgage. You have made it very easy for me to make a decision and save thousands of dollars on low-rate mortgages.

    Linda K., Toronto, Ontario
  • Thank you so much for helping me and my family. You did something no one else could - found me a rate that was optimal to my employment status. I never knew that comparing mortgage rates was this easy!

    Paul T., Richmond Hill, Ontario
  • My wife and I would like to personally thank you for the great service you and your company has provided us with regards to our mortgage needs. We previously signed up with big bank insurance company for many, many years.

    Eugene and Ann L., Thornhill, Ontario
  • I was impressed at how quickly my pre-approval went through. The level of service and rate info was outstanding, much better than dealing with a bank directly.

    Alex, Vaughan, Ontario
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