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Construction Mortgages


Getting the right construction mortgage for your project can be financially challenging.

By engaging with our team of construction mortgage experts early in the planning process, we will develop an expansive and effective plan with optimal leverage, terms and repayment flexibility at its core. Our brokers will prepare you for a successful project from start to completion, guiding you through the process and explaining the funding process over the course of the development.

Our team of mortgage experts jump in at the beginning stages of planning and work with you to determine and fill your financing needs as effectively as possible. Construction financing can be inherently complex, and we aim to make it as simple as possible for your vision to become a reality.

What is construction financing?

Construction funding is often sought for a multitude of construction projects or needs. During construction, typically only the interest of the mortgage is paid, then upon completion, the higher rate construction mortgage is either paid out from sale proceeds or transferred to a conventional term mortgage. The benefit of only paying interest during the project allows you to minimize costs during the project allowing you to focus on investing the necessary funds to get the project expediently completed.

How do I qualify?

To qualify for a construction loan, we can will help you set up an application to present to the financing institutions. Typically, these applications involve the full financial information of the developer, a detailed budget and site plan, and a signed construction or purchase contract.​

From complex deal structuring, to loan approval and CMHC insurance certificate attainment if applicable, to working with the Quantity Surveyor and lender to make sure your construction draws are available on time and on budget, to project takeout financing, Impact Commercial will be with you every step of the way.

Have any questions? Give us a call.

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