Need Financing? We Can Help
Baum & Woolger’s Partner Lenders Can Finance Your Build
Proudly serving Edmonton, Alberta and surrounding areas, Baum & Woolger is a home building construction company specializing in custom teardown & rebuild projects, with a heavy focus on infill development within mature & beautifully established neighborhoods.
Infill, or infill development, is the buildout of under-utilized land parcels within existing subdivisions, as well as redevelopment activity atop previously built parcels after teardowns are completed. With the goal of preserving or increasing property values and improving quality of life, infill activity can include reuse or improvement of underused parcels of land or buildings.
Baum & Woolger has long lasting, trusted relationships with a number of quality lenders that can help you learn about the two common infill construction project financing options, and we can help get you set up with the correct terms based the needs of your project and your budget.
The most common form of financing for infill projects is the construction/draw mortgage. With interest paid only during the construction phase of the project, the loan becomes due upon completion of construction. During construction, funds are drawn from the principal and advanced to your contractor to pay for expenses incurred for labor, supplies and other activity related directly to the project buildout.
These types of finance contracts require a down payment from you, as well as scheduled payments at agreed upon intervals. At the completion of your construction project, the final amount to cover the required costs of the finished project will then be advanced to the contractor on the date you take possession.
Baum & Woolger Homes and our partner lenders will make sure your project starts out on a solid foundation, with the correct financing plan for your situation. Give us a call to discuss your construction financing needs.
We will introduce you to our financing consultants. We work with them on a regular basis, helping our customers to get set up with the right financing options. Financing a new home or rebuild is one of the most important decisions you will make. We want to make sure you have the best information at your fingertips.
We will be with you every step of the way as you speak with our lending partners to learn about all of the financing options available to you, so you can get the ball rolling on your infill project and start building equity for the future.