Legend Homes - The Coventry

Bridging the gap for a premier builder

Previous Video View All Videos Next Video

Oakville’s first boutique luxury condominium, The Coventry was just 14 suites priced at $2 million+ each, which caused conventional lenders to demand significant presales. Because we could provide $2 million dollars of bridge financing from our own funds, Cameron Stephens was able to obtain for Legend:

a $4 million pre-construction loan followed by
an $18 million dollar construction loan with a chartered bank at a lower presale test. As the presales increased, the bank increased their loan.

This ideal solution enabled the project to start sooner and gain traction in the marketplace.

Share this Video