Welcome to Sunlite Mortgage, your trusted partner in development and construction loans for student housing properties. We understand the unique challenges and opportunities that come with building or rehabilitating student housing, and we are here to provide you with tailored financing solutions that will support your project’s success.
Our construction loan program is designed to cover the costs of land development and building construction for student housing properties. With terms typically ranging from three years or less, our construction loans offer flexibility and convenience to meet your specific needs. Funds can be disbursed at each completed stage according to a prearranged schedule or when certain milestones are achieved, ensuring that you have the necessary funds when you need them.
At Sunlite Mortgage, we offer both CMHC-insured and conventional construction financing options for student housing properties. Our expertise extends beyond student housing to include retirement housing, mixed-use properties, and multi-family properties. We understand the nuances of each type of project and can provide you with the financing that aligns with your specific goals and requirements.
An essential consideration for funding is having a clear exit strategy for the construction loan. We will work closely with you to ensure that your financing is structured in a way that allows for a smooth transition to standard financing or the potential sale of the property. Additionally, we take into account critical factors such as your experience as a borrower, net worth, liquidity, as well as the location and quality of the site. For CMHC financing, market feasibility is also an important aspect that we consider.
Our team of empowered advisors is ready to assist you in assessing your options and determining the best course of action for securing a common-sense mortgage. We understand the complexities of the student housing market and will provide you with valuable insights and guidance throughout the process. We are committed to helping you achieve your goals and ensure the success of your student housing development or construction project.
Contact Sunlite Mortgage today and let us be your partner in financing your student housing property. Together, we can turn your vision into a reality and create a thriving student community.
