Ran out of funds building your home? Keystone offers construction-in-progress loans.
At Keystone MIC, we specialize in flexible financing solutions for self-employed borrowers. Our latest funded deal in Hammonds Plains, Nova Scotia, highlights how private lending can support clients who are looking to scale their businesses.
The Situation: Our clients, a Realtor and a real estate developer, were looking to refinance their high-end new construction home, which is 80%+ complete. The refinance proceeds would allow them to complete the build and provide additional capital for their ongoing real estate projects.
The Challenges:
Self-employed income, with fluctuating tax-reported earnings.
Multiple financing components, including an RBC HomeLine and a rental property mortgage.
Need for additional funds to support real estate development.
The Solution: Keystone MIC provided an Equity Take-Out (ETO) loan based on the home’s as-complete value of $1,100,000. We structured the deal to ensure:
✅ Funds were available to complete the build.
✅ Additional capital was accessible for their development business.
✅ Strong exit strategies, including refinancing upon completion and proceeds from a pending rental property sale.
With strong credit and a proven track record in real estate, the deal was quickly approved.
Why This Matters for you: If you have strong assets but complex income structures, or builds that need short-term financing to complete, private lending can provide the flexibility they need to achieve their goals. Let’s discuss how we can structure creative financing solutions for you!
📩 Contact us today to learn more.
