APPLY NOW - OR -

647.273.5450

Residential & Land Financing

Want to buy a mixed-use property? Looking at a multi-residential project? Looking to buy vacant land? We can help!

Get Residential and Land Financing:

  • Invest in mixed-use property
  • Acquire a multi-residential asset
  • Finance vacant land for development
  • Finance  vacant land for rezoning

 

CASE STUDIES:

Purchase of Luxury Condo Hotel

Asset Value: 21,000,000                      
Needed: 9,500,000

Challenge

  • Luxury Condo Hotel purchased pre-construction for 5.5 Million with 2 Million down payment
  • Current Condo value 8 Million, with banks not trusting the current Luxury condo market
  • Needs to Refinance his matrimonial home worth 13 Million with 10 Million in equity
  • Business overseas

Solution

  • Private mortgage for $9,500,000
  • Competitive Private Mortgage Rate(*APR)
  • Client was able to buy out the condo and flip it at a profit

Paid out the private mortgage from proceeds

 

Spousal buy-out

Asset Value: 950,000                      
Needed: 902,500

Challenge

  • During the separation process clients could not refinance their property to more than 80%LTV
  • Equal property share could only have been achieved through sale of the property
  • Property has been in the family for generations and client did not want to sell it

Solution

  • 95% Refinance through bank
  • Discounted Bank Rate(*APR)
  • Client was able to keep their heritage home in the family
  • Spouse received her equal share

 

Farm Land Refinance

Asset Value: 950,000                      
Needed: 902,500

Challenge

  • Client suffered injury and was unable to produce anything on the farm
  • Banks did not want to refinance the farm without income
  • Client needed 80% LTV refinance to cover expenses and medical bills

Solution

  • 80% LTV Refinance through credit union
  • Discounted Bank Rate(*APR)
  • Deal approved on the basis of Christmas trees which would be due for maturity in a few years

Client received enough equity to last him through his recovery

If you have unrealized plans to break new ground and have had difficulty getting financed give us a call today. We'll provide you with a free consultation to review the particulars of your project and find you a quick and efficient solution to help you make it happen. 

Call us at 416.477.5500

REQUEST MORE INFO
Testimonials
  • The flexibility and support Benson offered us for our commercial development investment was impressive. We were able to secure the funds we needed with minimum hassle, and the payment plan they structured for us fits precisely with our business model. They offered us far more flexibility than we could have found working with any bank on this construction project
    Micheal P.,
  • In the same week a freak storm took out my sunroom and car with a fallen branch. My insurance wouldn’t cover it and I didn’t know what to do. Benson offered me rates I could actually afford, and provided me with the loan I needed with almost no questions asked. What a life-saver!
    Anthony P.,
  • I just wanted to pass along a big thank you as I was very impressed by the level of service I received from Benson Mortgages. I will definitely recommend you to everyone I know!
    Andrew J., North York, 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
  • 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
  • With my credit history haunting me I didn’t think that I would ever be able to build my equity back by owning my own home. I got referred to Benson through a friend and after sitting down for a very detailed financial conversation I walked away with a private 2nd easily manage. Thanks to the whole Benson team!
    Mark T.,
  • Understanding all of the current rates and legal issues with buying our first home was overwhelming before we came to Benson. They sat down with us and took the time to explain everything in terms we could appreciate and understand. They alleviated the stress we were feeling and allowed us to get approved for our dream home when we thought it was impossible. Much gratitude, we would highly recommend them!
    Kate & Charles D.,
  • I experienced such great customer service! Benson made it easy for me to get the help I needed and explained everything to me in a completely transparent manner. Clearly if you are in a situation where you need this service, you’re incredibly grateful for any kind of stress reduction and to have professionals on your side that are truly helpful.
    Kim H.,
  • 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
  • With my credit history haunting me I didn’t think that I would ever be able to build my equity back by owning my own home. I got referred to Benson through a friend and after sitting down for a very detailed financial conversation I walked away with a private mortgage in hand, with payments I could easily manage. Thanks to the whole Benson team!
    Mark T.,
  • Refinancing our home with Benson was one of the best financial decisions we ever made. We paid off thousands in credit card debt, added on a new deck, and only increased our regular monthly mortgage payments by $200! The amazing interest rate that these guys negotiated for us took the stress out of the over 18% interest rates on our credit cards! I cannot thank you enough for the feeling
    Dan G.,
  • 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
  • In the same week a freak storm took out my sunroom and car with a fallen branch. My insurance >wouldn’t cover it and I didn’t know what to do. Benson offered me rates on construction financing that I could actually afford, and provided me with the loan I needed with almost no questions asked. What a life-saver!
    Anthony P.,
  • 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
Latest News
FIND US ON:
twitter link facebook link linkedin link