Financing with First Island
Financing Options:
First Island is a forward-thinking, service oriented, private niche lender with funds available for various types of interim real estate transactions. After assessing your needs, our terms and conditions are designed to facilitate quick funding and efficient draw schedules. This allows you to get your project started sooner, an advantage in today's competitive market.
Since 1973, First Island has funded thousands of projects in all property classes fulfilling an integral role for builders. We have many returning borrowers due to our customized lending and superior service.
Please note we finance first mortgages only.
Construction Loans
Residential
Single-family
Multi-family
Subdivisions
Commercial
Retail
Office
Industrial
Mixed-use
Commercial/
Residential
Interim Loans
Land
acquisition
Purchase & re-sales
of existing real estate
Lease restructuring
Loan Ratios
-
up to 75% LTV
Lending Area
-
British Columbia & Alberta
Loan Term
-
Average 6 months to 2 years
Loan Amounts
-
up to $8,000,000
Interest Rate
Competitive, customized based on each project and the current market.
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