100% Financing!

At Keystone Capital Group, we take pride in supporting Real Estate Investors, including with their Fix & Flip projects. Recently, we facilitated a 100% financing deal for a client in Saint John, New Brunswick. This client, well-versed in property flips, identified an off market for a dilapidated property in a great uptown location.

The client secured an the property for a $300,000 purchase price that, despite the required renovations, had significant potential. Recognizing the opportunity, we structured a comprehensive loan that ensured a seamless renovation process. We secured the client's personal property with a second position mortgage, which fully offset the down payment and allowed us to maintain a Loan-to-Value within our parameters. This is how the loan was structured:

Total Facility = $420,000 (based on an After Repair Value of $575,000)

Initial Advance for Purchase = $300,000 + fees (ie. no funds down for the client)

Renovation Budget (approx.) = $100,000 (split over two draws of $50,000 for work completed)

The quick access to renovations draws ensured the client had the necessary funds to accelerate the project schedule. The equity in the client's personal property was sufficient to cover the entire purchase price of the new project, ensuring no initial out-of-pocket costs for the client.

The client efficiently executed the renovations, leveraging their expertise and completed the project in less than five months including the property being listed and sold. This swift turnaround highlighted the client's proficiency and the effectiveness of our tailored financing solutions.

Keystone Capital Group remains committed to empowering Real Estate Investors, ensuring they have the financial backing needed to transform potential into profit. Have a Fix & Flip project you’d like to tackle in Atlantic Canada? Ask your Mortgage Broker about Keystone’s Fix & Flip loan product.

Don’t reach have a Broker partner? Reach out to us and we can refer you to one of our great partners.