First Island is a service oriented niche lender with funds available for all types of interim real estate transactions. After assessing your needs, the terms and conditions are designed to facilitate quick funding and efficient draw schedules.

Since 1973, First Island has funded thousands of projects in all property classes fulfilling an integral role for builders.

Construction Loans Provided
Residential Commercial Mixed-use
Single-family Retail Commercial/Residential
Multi-family Office  
Subdivisions Industrial  

Interim Loans Provided:

  • Multi-family and commercial projects
  • Lease restructuring - commercial projects
  • Purchase and re-sales of existing real estate
  • Multi-family "inventory" loans
  • Land acquisition

Loan Term:

  • 6 months to 2 years

Loan Amounts:

  • up to $10,000,000 (Canadian funds)

Loan Ratios:

  • up to 75% of value

Lending Area:

  • British Columbia and Alberta

Interest Rate:

We offer very competitive rates.

Contact us today to find out more.

Contact us for more info

Phil Wooster, B.Comm., R.I. (B.C.)
Commercial Broker, Director

Contact Phil

Wakefield Construction Ltd. has been a client of First Island for over 25 years. First Island fully understands real estate lending and the construction / development business. Their personalized, efficient service continues to facilitate our development opportunities and bolster our bottom line.

- S. Wakefield

Get in Touch

First Island Financial Services Ltd.
Suite 101, 727 Fisgard Street,
Victoria, BC V8W 1R8

P: (250) 388-5441
F: (250) 361-9160
TF: 1-800-699-6336

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