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Real estate investors, developers and self-employed individuals are sometimes considered risky borrowers when they apply for financial lending or mortgages. Although these applicants are as likely to have a strong net worth, good credit and good lending history as any other applicants, traditional lenders hesitate to break rigid structures and rules around lending requirements.
“Given the conventional lending models, entrepreneurial clients can only obtain financing based on their income,” explains Pip Dhaliwal, founder and CEO of Freedom Capital. “Traditional lenders don’t take into account individuals’ earning potential over the long run.”
But the world is a different place than it was when the rules on lending and borrowing were written. With so many different streams of income in today’s modern working era, borrowers need an alternative that allows them to qualify for the right mortgage. This is where Freedom Capital can help.
“From our point of view, denying a financing application is not an option, as we believe every person deserves a chance to make the right financing decision,” Dhaliwal says. “We do not see our clients as transactions, but as motivated entrepreneurs with dreams and goals. We invest in our clients so they can invest in their future.”
Freedom Capital operates as one of the largest national brokerages solely dedicated to the alternative and commercial mortgage market in Canada. It provides a range of financing options and is licensed in BC, Alberta and Ontario. It offers clients the chance to capitalize on the increasing value of their existing real estate, which means if they have access to a down payment, or equity in their home, they eligible for financing to kick-start a new project or development.
“Our team comes with a collective 35+ years of experience in the mortgage lending field, which is why we know what works and what doesn’t,” Dhaliwal says. “We see upcoming areas and communities rising, and the potential to benefit with investing in these communities. We also understand the rezoning and construction cycle in detail.”
Freedom Capital has streamlined the approval process with less documentation, and honest, upfront communication between the team and borrowers.
“We realize not everyone understands the numbers game,” Dhaliwal says. “We’ve created a very simple lending process. If you have enough equity in your home for a refinance or downpayment for a purchase, we can help. We can even consider other assets to reduce the amount of cash being put into the projects, and we can finance unzoned and raw land with a potential for development because we consider the potential of this development an asset.”
Individuals keen on development may find alternative lending an important opportunity. Whether in the planning phase or in the first stages of development, Freedom Capital can be a strong partner in the real estate investment and development journey. Start down that road today.
Learn more | freedomcapital.com
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