Purchase Financing.

DV Capital has experience securing mortgage approvals for clients under contract for pre-construction purchases with the intention, upon completion, to occupy the property as a principal residence, rent the property or sell the property for a profit. We’ve witnessed many unfortunate cases where clients circumstances have changed between the time they’ve entered into contract with the builder and the actual closing date which is typically years apart. Clients approach us whom believed they’d easily qualify for an approval and learnt that they require additional assistance from us or received notice that the mortgage amount they once qualified for will be reduced, or worse, their mortgage lender is no longer able to assist them. DV Capital provides traditional (A-Lending) and  alternative (B-Lending) to eligible clients with great rates however, what separates us from traditional pre-construction lenders is our ability to lend on the greater of the pre-construction purchase price and the appraised value. If the appraised value is higher than the pre-construction purchase price, this can be incredibly helpful if an anticipated mortgage approval falls apart near closing, or, if our client wishes to put down less money at closing and/or borrow more than they believed was possible. DV Capital provides pre-construction mortgages to home owners and real estate investors across Ontario, British Columbia and Nova Scotia.