Build your dream.
Fund every stage.
Draw-based financing that releases funds as your project progresses.
Custom builds
Ground-up construction financing
Renovations
Milestone-based fund releases
Budget control
Pay only for completed work
Flexible terms
Interest-only during construction
How Construction Financing Works
Fund your project in three phases with milestone-based draws
Phase 1
Planning & Preparation
- Land acquisition & zoning
- Design & permits
- Budget planning
- Builder contracts
Phase 2
Construction – Ground to Roof
- Foundation & excavation
- Framing & roofing
- Systems & rough-ins
- Finishes via milestone draws
Phase 3
Final Finishes & Possession
- Final inspections
- Appliances & fixtures
- Landscaping
- Key handover
Detailed Phase 2 Draw Schedule
Professional breakdown for lenders, lawyers, and builders
Construction Milestone Breakdown
| Draw Stage | Scope of Work | Percentage |
|---|---|---|
| Draw 1 – Foundation | Site clearing, excavation, footings, foundation walls, waterproofing, backfill | 15% |
| Draw 2 – Framing | Structural framing, roof structure, sheathing | 20% |
| Draw 3 – Lock-Up | Roofing, windows, exterior doors (weather-tight) | 15% |
| Draw 4 – Rough-Ins + Drywall | Electrical, plumbing, HVAC rough-ins, insulation, vapour barrier, drywall, inspections | 15% |
| Draw 5 – Interior & Exterior Finishes | Flooring, cabinetry, trim, paint, siding/brick (progress-based) | 5% |
All construction advances are subject to inspection and lender approval.
Key Financing Considerations
What lenders look at when structuring your construction or renovation loan
Loan Limits
Lenders often go up to 80–85% of the completed property value, based on appraisals and detailed project budgets.
Land Acquisition
Financing can include land purchase plus construction costs, or be structured around land you already own.
Fund Advances
Funds are typically advanced in stages (foundation, framing, lock-up, completion). Each draw is tied to progress on-site.
Payment Options
Some lenders offer interest-only payments during construction to keep cash flow manageable while work is in progress.
Pre-Payment Flexibility
Once the project is complete, your construction loan can often be converted into a regular mortgage with prepayment privileges.
Plan Your Budget & Keep Your Goals in Sight
Every decision in the building process impacts your budget. A clear plan keeps your project on schedule and your financing under control.
- Budget carefully for land, materials, labour, permits, and a contingency for unexpected costs.
- Stay in close contact with your mortgage team and builder throughout the project.
- Review updates and change orders regularly to avoid cost overruns.
Tip
Before the first shovel hits the ground, we'll walk through your numbers together so you know exactly how each draw and payment fits into your long-term plan.
Ready to start
your project?
Get expert guidance from land purchase through final inspection. We make construction financing simple.
Expert guidance
Navigate every phase with confidence and clarity
Budget protection
Stay on track with milestone-based funding
Start to finish
Dedicated support through project completion
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