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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")
  • We require a 10-15% downpayment depending on the amount borrowed.
  •  Pre-approval from a financial institution on take-out mortgage (we can assist with this)
  • Approved project land equity and location (sorry, there are areas and projects we won't fund)
  •  Approved Personal Networth, Credit Score, and Income
  • More information may be requested during the application 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")
  • An interest rate is presented at the time of Notice of Financing. It is based on the risk factors determined in the information provided by the Borrower.
  • No monthly interest payments are required. The payment of principal and interest is due on completion.
  • No lender’s fee or construction milestone appraisal fees.
  • Lawyer’s fees with respect to the charge and discharge are the responsibility of the borrower. Estimations will be provided.
  • Because we build most homes in six (6) months or less [larger homes over 4000 sq ft above grade or winter builds can extend seven to eight (7-8) months], this also keeps the interest payment lower. If the build is delayed (which is very rare), the interest stops at the guaranteed completion date (unless the delay is due to the borrower or an Act of God – see terms of contract).
  • How Do I get Started?

    "I'd like to see if I qualify "
    1. That's great to hear! Kindly send us an email to, 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?


    (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.]