Frequently Asked Questions

Draws are deposited directly to your bank account within 2 business days of request. We do this by eliminating Lawyers and Appraisers from the advancement process, so you start dealing with a decisionmaker right away.

Three steps, start to finish:

1. Submit photos of progress and municipal inspection reports. There is no need for a progress report from an appraiser.
2. We calculate percent complete and complete the lien and judgement search.
3. We deposit funds directly to your bank account.

You can draw up to 10 times to keep cashflow healthy. This means you avoid the stress of trying to reach the inflexible draw milestones set by the big lenders. Need a draw? Send us photos of the work completed, and we calculate the draw available based on that progress.

No lien holdbacks. This means you have 10% more cash to build with at every draw.

Yes. You can draw on land value before construction commences, so you have working capital in place from the outset.

• ✓ Up to 75% of land value.
• ✓ Up to 75% of completed value.
• ✓ Cost to complete is not held back.

Value is determined from the “as complete appraisal” — often higher than the “actual cost” relied on by most banks and credit unions.

Racking up your credit lines and credit cards to cashflow a renovation or build could crash your credit score and cause problems obtaining a mortgage when the build is complete. Frequent and flexible draws let you maintain the high credit score you worked so hard to earn.

No problem. As part of our approval process we review your project costing information to make sure you have a solid plan. We are happy to work with homeowners.

• ✓ New Home Warranty is not required.
• ✓ Sweat equity is valued, which means bigger draws advanced sooner.

Yes. We provide flexible and fast draws for renovation projects as well — kitchens, additions, garages, foundations, and full remodels.

No problem. We understand your income tax returns do not accurately reflect how much money you earn.

No problem. We base our lending decisions on common sense and look forward to working with you even if you are new to Canada.

No problem. We can often help even when the big banks have already said no. We are a Nova Scotian company with over 10 years of experience helping with construction projects within the province.

Three simple steps:

1. Apply online using the form below, or call or text Rob at (902) 840-0026.
2. Get approved — we review your project plan and costing and get you a fast answer from a decisionmaker.
3. Get funding — once approved, draw funds are deposited directly into your bank account as your build progresses.