Financing
Finding the Financing that Works for You
Supporting you through the entire design build process includes helping you find the right financing. We recognize that financing your building can be a complicated process, so we strive to make this as pain-free as possible, while still taking the time to properly educate you on what is involved and why.
Budgets, Equity and Debt
While we are not Mortgage Brokers or Lenders, we do help facilitate this process as we:
- Gain a thorough understanding of all of the costs associated with your project
- Take into account what equity you currently have and what debt you can acquire in the market
- Educate you on the true total project cost, including the development of a budget to assess your financial viability
- Help you understand monthly costs to ensure financial feasibility of the new facility
- Provide industrial knowledge, helping you overcome questions or concerns lenders may have regarding the total cost perspective prior to “approval”
This is an important discussion to have at the very beginning as it gives you a thorough understanding of the financial requirements needed to kick start your project.
Conventional vs. High Leverage Financing
Based on our honest initial discussion, we identify Mortgage Brokers or Lenders able to work effectively with you. We assist by:
- Educating you on what’s required by specific lenders and why
- Highlighting insurance requirements, including such things as wrap-up liability coverage
- Reviewing reporting requirements typically required by most lenders, including cost control via a Quantity Surveyor
Broker and Lender Requirements
Together, we assemble all of your required documents and information to submit to a Mortgage Broker or Lender in the form of a Finance Package, including:
- Tender Package (including all designs, drawings, and permits)
- CCDC
- Client Financial Summary
- Total Project Budget
- Rental Analysis (including a Lease, if required)
- Client’s operating entity’s financial statements
- Environmental Report and Transmittal documents
- Appraisal Report and Transmittal documents
- Any other reports and documents required (there is more!)
