Construction Private Loans
Build with confidence using
Highland Creek Trading’s private
construction second mortgages.
At Easy Second Loans Highland, we provide tailored financing for residential and commercial construction projects, from single-family homes to large-scale developments. Our private capital sources offer competitive rates starting at 9.99% and up to 85% Loan-to-Cost (LTC), with exceptional cases up to 100% LTC. Whether you’re a builder, developer, or broker, we deliver fast, flexible solutions to keep your project on track.
Our construction loans cover:
- Residential Projects: Single-family homes, condominiums, and multi-unit residential buildings.
- Commercial Projects: Retail, office, industrial, hospitality, and purpose-built apartments.
- Specialized Developments: Student housing, retirement facilities, and property conversions.
Funds are disbursed based on project milestones, such as excavation, framing, or completion, according to a prearranged schedule. Pre-construction draws are available for demolition or site preparation, and purchaser deposits can be applied toward development (conditions apply). Loans are typically repaid over 24-36 months through permanent financing or asset sales.
No upfront fees. Fast approvals in 24-48 hours. Funding in as little as 3-5 days.
With over 25 years of experience, we’ve financed some of Ontario’s most notable construction projects. Our partnerships with private investors, institutional lenders, and mortgage funds give us access to unlimited capital, enabling us to fund projects of any size.
Construction Loan Criteria
Second Mortgage Construction Loan Details
- Loan Amounts:
$100,000 to $50,000,000+ - Loan-to-Cost (LTC):
Up to 85% (up to 100% in exceptional cases) - Interest Rates:
Starting at 9.99%, 12- to 36-month terms - Lender Fee:
1.5%-2% (plus any broker fees)
- Term:
Typically 24-36 months, fully open, with options to extend - Security:
Residential and commercial projects, including land and development costs - Lending Areas:
Ontario (Greater Toronto Area, Southwestern Ontario, cities with 50,000+ population)
Key Features:
- Equity-based lending decisions
- Interest-only payments during construction
- Flexible draw schedules tied to project milestones
- Pre-construction draws for excavation or demolition
- No minimum credit score requirements
- Non-resident applicants welcome
- Fast closings (3-5 days) for urgent projects
- Higher LTCs than traditional banks
Projects We Finance
Easy Second Loans Highland supports a wide range of construction projects, including:
- Single-family residential homes
- Condominiums and multi-unit residential buildings
- Commercial developments (retail, office, industrial)
- Hospitality projects (hotels, motels, restaurants)
- Mixed-use developments
- Student housing and retirement facilities
- Shopping malls and plazas
- Recreation and resort properties
- Property conversions and renovations
Whether you’re building a single home, a high-rise condo, or a commercial plaza, our private construction second mortgages provide the capital you need with terms tailored to your project’s timeline. We specialize in financing complex or high-value projects that traditional banks often decline.
Construction Loan Checklist
To assess your construction loan eligibility, please provide the following (where applicable):
- Project details and location
- Total gross floor area (GFA) and buildable area (sq ft)
- Current zoning and project status
- Purchase date and price
- Progress since purchase (e.g., permits, site work)
- Builder/developer experience
- As-is land value and as-complete value
- Current debt and existing equity
- Loan amount requested and use of funds
- Term and exit strategy (e.g shortening, permanent financing, sale)
- Pre-sales and sales agency (if applicable)
- Budget and drawings
- Environmental reports
Our team will work with you to streamline the process, ensuring no time is wasted. We’ve financed iconic projects across Ontario, from residential subdivisions to commercial landmarks, and we’re ready to bring your vision to life.