Need Construction Financing?
(“Getting Started")
We know getting construction financing from a traditional bank/financial institution or private lender can often be challenging.
We wanted to provide a solution - "Midnight's In-house Construction Financing".
What if we have financing via personal cash, Home Equity Line of Credit, or other? That's great too! It's by no means mandatory. It's just offered as a solution for those that may want to explore it.
Please note our Inventory Builds are fully financed - land and construction until completion with everything all included. Can be viewed at: FOR SALE
What's required?
(“The Process")
[Denial or approval of application is at Midnight's sole discretion and may occur without explanation.]
What does your financing look like?
("Terms and Conditions")
How Do I get Started?
"I'd like to see if I qualify "
- That's great to hear! Kindly send us an email to info@midnightbuilding.com, call 905-804-1616(office), or if you're already working with us, please contact your sales representative directly.
What are your rates like?
Currently, we are between 8%-12% on average. Keep in mind- you're only borrowing for half the year, so the interest is only about half of the full annum.
If you have high equity in your land purchase and a pre-approval from a financial institution upon completion of the build, the rate would be on the lower end of the range.
Are you running any promos?
YES!
5% CONSTRUCTION FINANCING RATE
(Valid until June 30 2023 * Valid only qualifying applications*)
Take advantage of our 5% in-house construction financing rate - on an approved project, credit, and terms. Terms and Conditions apply.
Must have:
* Start a design prior to June 30 (applicable to those who have started a design elsewhere too)
* Approved Personal Networth, Credit Score, and Income
* Pre-approval from a financial institution on take-out mortgage (we can assist with this)
Financing terms:
*15-20% deposit required;
*No interest payments; principal and interest due on completion;
* Legal fees for mortgage charge and discharge are the borrower's expense;
*No lender's fees;
*No construction appraisals are required.
[Promo can change without notice and at any time.]