[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1563684535855{padding-top: 100px !important;padding-bottom: 100px !important;}” z_index=”” el_id=”content-page-intro”][vc_column width=”1/2″ el_class=”intro-image”][vc_single_image image=”811″ img_size=”full” alignment=”center” qode_css_animation=””][/vc_column][vc_column width=”1/2″][vc_separator type=”normal” el_id=”title-separator” color=”#100f0f” thickness=”4px” up=”0″ down=”10″][vc_column_text]
Specialized Lending Solutions Made Easy
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What is Construction Financing?
[/vc_column_text][vc_empty_space height=”15px”][vc_column_text]Construction financing provides short-term loans to home-buyers or builders to finance the construction of a real-estate project, commonly a custom-built home or building. As work on the project progresses, you pay back the loan in stages. Construction loans are a great option for those who don’t have the time for lengthy approval processes, and want to get started on their project immediately.
Construction financing also allows the flexibility to evolve into a mortgage-like loan once work is completed. This type of loan is suitable for businesses and individuals who won’t be prepared to pay back their loan in full within the short-term, but want to lock in a favourable interest rate.[/vc_column_text][vc_empty_space height=”31px”][qode_button_v2 target=”_self” icon_pack=”font_awesome” icon=”fa-check-square” enable_icon_square=”yes” font_weight=”600″ hover_effect=”” gradient=”no” text=”Start Your Application Today” link=”https://leapfinancial.ca/apply-now/” font_family=”Barlow” font_size=”16″ icon_font_size=”16″][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1563680414947{border-top-width: 4px !important;padding-top: 30px !important;padding-bottom: 35px !important;border-top-color: #f8f8f8 !important;border-top-style: solid !important;}” z_index=””][vc_column][vc_column_text]
What are the Benefits of a Construction Loan?
[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1563675979534{padding-top: 60px !important;padding-right: 60px !important;padding-bottom: 60px !important;padding-left: 60px !important;background-color: #f8f8f8 !important;}” z_index=””][vc_column width=”1/4″ el_class=”benefit”][icon_text box_type=”normal” icon=”fa-check-square-o” icon_type=”square” icon_position=”top” icon_margin=”0 0 20px 0″ icon_size=”fa-lg” use_custom_icon_size=”yes” custom_icon_size=”72″ custom_icon_size_inner=”72″ title_tag=”h3″ separator=”yes” separator_top_margin=”0px” separator_bottom_margin=”0px” separator_width=”400px” text=”Unlike big banks, we’re not a fan of making you jump through endless hoops. Our team will work with you to ensure that your approval process is quick and easy.” link_icon=”no” title=”Easy Approval Process” icon_color=”#9ec43b” separator_color=”#666666″][/vc_column][vc_column width=”1/4″ el_class=”benefit”][icon_text box_type=”normal” icon=”fa-money” icon_type=”square” icon_position=”top” icon_margin=”0 0 20px 0″ icon_size=”fa-lg” use_custom_icon_size=”yes” custom_icon_size=”72″ custom_icon_size_inner=”72″ title_tag=”h3″ separator=”yes” separator_top_margin=”0px” separator_bottom_margin=”0px” separator_width=”400px” text=”You get the lump sum you need to complete your project, but won’t accumulate a lot of interest due to the short-term nature of the loan.” link_icon=”no” title=”Quick Access to Funds” icon_color=”#9ec43b” separator_color=”#666666″][/vc_column][vc_column width=”1/4″ el_class=”benefit”][icon_text box_type=”normal” icon=”fa-percent” icon_type=”square” icon_position=”top” icon_margin=”0 0 20px 0″ icon_size=”fa-lg” use_custom_icon_size=”yes” custom_icon_size=”72″ custom_icon_size_inner=”72″ title_tag=”h3″ separator=”yes” separator_top_margin=”0px” separator_bottom_margin=”0px” separator_width=”400px” text=”If you use a collateral to secure the loan, the interest rates are typically lower because the lender can foreclose on that collateral if you default on the loan.” link_icon=”no” title=”Preferred Interest Rates” icon_color=”#9ec43b” separator_color=”#666666″][/vc_column][vc_column width=”1/4″][icon_text box_type=”normal” icon=”fa-home” icon_type=”square” icon_position=”top” icon_margin=”0 0 20px 0″ icon_size=”fa-lg” use_custom_icon_size=”yes” custom_icon_size=”72″ custom_icon_size_inner=”72″ title_tag=”h3″ separator=”yes” separator_top_margin=”0px” separator_bottom_margin=”0px” separator_width=”400px” text=”When your project is nearing completion, you have the option to pay your loan down in full, or convert it into a mortgage to lock in your preferred interest rate.” link_icon=”no” title=”Maximum Flexibility” icon_color=”#9ec43b” separator_color=”#666666″][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”center” background_image_as_pattern=”without_pattern” css=”.vc_custom_1563684637200{padding-top: 100px !important;padding-bottom: 100px !important;}” z_index=”” el_id=”leap-can-help”][vc_column css=”.vc_custom_1607038735392{background-color: #ffffff !important;}” el_class=”lead-form-container”][vc_row_inner row_type=”row” type=”full_width” text_align=”center” css_animation=”” css=”.vc_custom_1563683641563{padding-top: 45px !important;padding-bottom: 90px !important;}”][vc_column_inner offset=”vc_col-lg-offset-1 vc_col-lg-10″][vc_single_image image=”644″ img_size=”200×200″ alignment=”center” qode_css_animation=””][vc_column_text css=”.vc_custom_1563739185303{margin-top: 20px !important;}”]
At Leap Financial, We Can Help!
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When it comes to construction projects, banks tend to overcomplicate things. We prefer to keep it simple. That’s why Leap Financial offers timely approvals and solutions tailored to each and every client. Banks usually scrutinize construction projects, approving only those with a clear and detailed timeline of construction. At Leap Financial, approvals are based on equity and cost of construction, which speeds up the application process and approval.
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