For Experienced Real Estate Developers

Financing Built Around Your Pro-Forma — Not a Credit Score

You've built before. We structure the full capital stack — senior debt, mezzanine, and equity gap — to match your draw schedule, timeline, and the numbers in your pro-forma. Land through stabilization, on deals from a few units to 300+ doors.

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Submit Your Pro-Forma

Share site plans, budget, and your track record

Structure the Capital Stack

We layer senior, mezzanine, and gap financing

Fund the Draws

Milestone draws through to take-out and stabilization

Built for active developers

We Speak Developer

No first-timer hand-holding. We underwrite to your pro-forma, your team, and your exit — and structure capital the way experienced operators expect.

Pro-Forma–Driven Underwriting

Lenders fund on LTC/LTV against your project budget and stabilized value (ARV) — we package your pro-forma so the numbers carry the deal.

Full Capital Stack: Senior + Mezzanine

Maximize leverage and protect your equity. We arrange senior construction debt and layer in mezzanine and equity-gap capital to reduce cash-in.

Custom Draw Schedules

Draws structured to your construction milestones with interest on disbursed funds only — coordinated with your QS and inspection cadence.

Land & Pre-Development Capital

Finance land acquisition, assembly, and the entitlement/permit stage so your next project is shovel-ready before construction debt closes.

Track Record Rewarded

A proven build history unlocks higher leverage, spec financing without pre-sales, and faster commitments. Your portfolio is the qualification.

Take-Out & Stabilization

We line up the permanent take-out alongside the construction loan — including CMHC MLI Select on qualifying multi-residential builds.

Where developers go next

Financing Hubs for Your Project Type

Every program a development operator needs — explore the hub that matches your next deal.

Development & Construction

Ground-up construction, land, pre-development, spec builds, and mezzanine financing.

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Commercial Mortgages

Office, retail, industrial, and mixed-use financing structured for investors and operators.

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Multi-Family Financing

5+ unit apartment and rental financing — from value-add acquisitions to new builds.

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CMHC MLI Select

CMHC-insured multi-residential financing up to 95% LTV — the take-out for qualifying builds.

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Trusted by Investors

What Our Clients Say

LendCity Mortgages — 4.9/5 average rating from 200+ Google reviews. Read client testimonials on our homepage or contact us at 1-226-212-7200.

FAQ

Developer Financing FAQ

Common questions from experienced developers structuring construction and development capital.

Capital Structure

We start with senior construction debt sized to LTC or LTV, then layer mezzanine and equity-gap capital to maximize leverage and minimize your cash-in. The exact structure depends on your pro-forma, the asset type, and your track record — we model a few scenarios and let you pick the cost-of-capital that fits your return targets.

Senior debt commonly funds 65–75% of cost, and a documented track record plus mezzanine financing can push total leverage materially higher. Spec builds without pre-sales are achievable for proven operators. We size each deal against your pro-forma and the stabilized value.

Yes. We arrange land acquisition and assembly financing (typically 50–65% LTV depending on zoning and entitlement status) plus pre-development capital for plans, permits, and entitlements — so the project is shovel-ready before construction debt closes.

Process & Draws

Draws release against completed milestones (foundation, framing, lock-up, etc.), verified by a quantity surveyor or inspector, with interest charged only on disbursed funds. We build the draw schedule around your construction timeline and coordinate the inspection cadence.

Development files are involved — lenders review the pro-forma, budget, permits, and development team. With a complete package, expect roughly 60–90 days to a firm commitment. A clean pro-forma and a proven team accelerate the process.

Yes. We line up the take-out (permanent) mortgage alongside the construction loan, including CMHC MLI Select for qualifying multi-residential projects, so there's a clear exit from construction to stabilized financing.

Working on a specific project?

Talk to an Expert

Have a pro-forma ready? Let's structure the capital stack for your next project.

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