Does your client want to build in the Okanagan / Shuswap / Kamloops Regions

WE CAN HELP

Private mortgages are not always for the “high risk” borrower.  We specialize in construction financing and have developed a very flexible program making Sierra the first choice for construction mortgages.

The following is a brief outline:

• Speculative or owner build single-family residences
• Loan amounts up to $600,000.00
• Will lend up to 75.0% of completed appraised value
• Flexible draw schedules
• Practical draw amounts
• Draw requests processed in house saving your client repeated legal fees
• NO GDS/TDS or Minimum Beacon Score requirements
• No take-out financing approval required prior to first draw*1
• Monthly payments not required – accrued interest due at each draw *2

*1 we must be confident take out financing can be obtained at completion

            *2 provided draws are requested within a 30 day period

Email craig@telus.net; Call (250-558-1111); or Fax (250-558-1100)