https://www.axiumcap.ca/home-1 daily 1.0 2023-05-09 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552708564254-BCPPCOJJN55XFQW9PQXO/Commercial+term+financing+.jpg YOUR TRUSTED ADVISORS https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552710362204-HQ1SBO95CQ4FCZ1834PJ/REsi+financing+.jpg YOUR TRUSTED ADVISORS https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552709899257-U0GJNRDS6Y2UXEWDEBUL/Construction+Financing.jpg YOUR TRUSTED ADVISORS https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1554173644954-EI507YWNNNEZWRPDU5TP/Axium_Capital.png YOUR TRUSTED ADVISORS https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1554057047742-YSCLZX9QAHYPRKWTABYL/CMHC+Financing.jpg YOUR TRUSTED ADVISORS https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552705745420-HGPOHU7JRPNV5SEAUN8Y/aditya-chinchure-568068-unsplash.jpg YOUR TRUSTED ADVISORS https://www.axiumcap.ca/our-team daily 0.75 2025-07-04 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/c8c12a4b-4da6-4173-aefa-da706a6e8cc8/Michael.jpg Our Team - Michael Grudman Mike Grudman is the President and founder of Axium Capital Inc. Mike has over 15 years of experience in the finance industry. Mike started his finance career in film financing and moved towards commercial real estate financing to strengthen his ambition. He is always engaged in partnerships with all of Axium's clients to solve complex problems, with an attitude that everybody wins. Mike consistently reinforces Axium's reputation with smart, small play to create an environment built on reliability. President at Axium Capital ✉ mike.g@axiumcap.com tel: (604) 908-9055 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1620755263382-A40D7BCWAA0VC6UETED1/PF7A7364.jpg Our Team - Hardeep Braich Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/b999bfb7-685c-48fa-862c-3a1eeeec3831/Robin.jpg Our Team - Robin Kehler Robin Kehler is a Mortgage Analyst with Axium Capital Inc. A skilled lender and relationship builder, Robin works with the Axium team to put you and your business in the best position to meet your mortgage needs. With more than 12 years experience in the financial service and banking industry Robin brings a well-rounded wealth of knowledge to Axium Capital. Robin is dedicated to helping you and your business whether it be a purchase, refinance, build or renovation. Mortgage Specialist at Axium Capital ✉ robin.kehler@axiumcap.com tel: (778) 385-8458 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/b936a8c6-b157-471f-a343-c05d720a6aee/Freeman+cropped.jpg Our Team - Freeman Yee Freeman has been financing real estate with institutional debt, private debt, and equity since 1991. He holds a BCom degree in Urban Land Economics from UBC. Freeman has extensive experience in lending, underwriting and relationship management both in diversified industries and real estate, which includes development, high leverage, construction, term and owner occupied. Director, Commercial Financing at Axium Capital ✉ freeman.yee@axiumcap.com tel: (604) 649-6402 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1598639080248-EJ2123NHCVRMZTOCNDC6/3b7a51fe-1084-4a13-8eea-502afb2c7cb67.jpg Our Team - Amit Soin Amit is a graduate of a Bachelor of Commerce degree. Amit has a passion for helping homeowners and business owners find the right lending product suitable for their financial goals and needs. As a mortgage professional, he has helped many people reach their Real Estate investment goals. He is able to provide unbiased and expert advice on your lending needs that suit your unique financial requirements whether you are purchasing, renewing or refinancing. Amit can be reached at any time and looks forward to helping you for your mortgage needs. Commercial and Residential Mortgage Professional at Axium Capital ✉ amit.soin@axiumcap.com tel: (778) 982-0009 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/b62f06cc-6859-4cbb-bd69-0f02bae6ddea/Perry.jpg Our Team - Perry Keung Perry is a CPA, CMA with over 20 years in the banking industry. Graduating from the University of Western Ontario, he has worked through several managerial roles starting in HSBC’s Private Banking group, moving to Cash Management , and finally as a Managing Director in BMO’s Commercial Real Estate Finance Group, with a $1.5 Billion portfolio of real estate clients, providing (syndicated) construction financing, operating lines, land / pre-development, and term financing solutions. Managing Partner at Axium Capital ✉ perry.keung@axiumcap.com tel: (604) 340-5682 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/ac20d5db-eada-4433-8b67-8503ad62ea13/Photo+2024-03-20%2C+11+44+46.jpg Our Team - Yijia Liu Yijia graduated from UBC with a Bachelor of Commerce degree, specializing in Finance and minoring in Economics. Yijia has passed CFA level 1 and is now a level 2 candidate. With an in-depth understanding of investment analysis and an enthusiasm for real estate, she helps the team by providing the best solution for every transaction. Financial Analyst at Axium Capital ✉ yijia.liu@axiumcap.com tel: (778) 895-3090 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1579807068163-0IXXEL3SVRER9NT7F7EI/image-asset.jpeg Our Team https://www.axiumcap.ca/term-mortgages daily 0.75 2023-01-13 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589126258028-5247MBW8XONWHCX9FM3D/Picture1.jpg Term Financing - Shopping Mall $25MM financing obtained from a Credit Union over an office/retail property in Burnaby, BC. We negotiated a low interest rate beating all the Big 5 banks and Life Co’s. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1605826621715-SQNPUUWVA9ZEUX09R0RN/Owner+occupied+Industrial.jpg Term Financing - Industrial Property We refinanced this property with a Big 5 Bank at 81% Loan to Value at low rate. We were able to negotiate a low rate and obtain approval mid-COVID pandemic. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1627664747434-943XXKVCWUHWNM1TXMMG/1189+Hamilton+Street%2C+Vancouver%2C+BC.png Term Financing - Retail Financing We obtained 75% financing on a new retail unit purchase in the midst of the COVID pandemic with retail store cash flow used to debt service the loan when many lenders were not considering retail financing. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1596391713709-6A3SYJL32CDEG63YO046/EcoPark Term Financing - Industrial Property 70% Loan to Value financing, with an Operating Loan facility, for purchase of an industrial warehouse in Richmond, BC. Approved and funded by a Big 5 bank during the pandemic at low bank rates https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/83925e67-b411-41a9-b66b-53fd7fd91249/JFW.png Term Financing - Owner-Occupied Industrial Strata Axium Capital recently obtained financing, including capital injected, for a business that was drastically impacted due to COVID and the inflationary market to the point of recent loses. We were able to refinance the existing 1st and 2nd mortgages and also draw out equity at a reasonable interest rate to enable the business to keep operating. This was only possible due to our ability to find a lender who took the time to fully understand the business and its ability to return to its previous profitability. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552775551016-E39IO1S5U2SWDUMS28U4/Term+financing+-+Foody+World.jpg Term Financing - Distribution Centre $26.5 Million dollar purchase financing. The facility will be used as a central food distribution/processing facility for stores across Canada. We achieved 70% LTV. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1c3f956f-ae2c-4da5-a3c6-2328cccc863e/1646766883935.jpeg Term Financing - Mixed-Use Project Our team was able to secure $11MM in term financing over the retail portion of a newly completed mixed use retail/condo project. We were able to lock in the majority of the loan at a very low rate which also allowed the client to strip out a considerable amount of equity, while structuring the availability of two further tranches of funding as further lease up occurs over the next year. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/9d990b0b-c25a-451a-acd0-0004b619a2f9/Screen+Shot+2022-07-08+at+10.57.20+AM.png Term Financing - Commercial Property Our Small Business Team ended the month helping to finance the purchases of multiple commercial real estate properties in the BC Interior. The team was able to obtain higher leverage financing for properties in Kamloops and Oliver, BC: each property was financed at low rates with Big Five Banks. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1605827275363-4JTLLHDT6UEVC1B99RNP/Investment+Property Term Financing - Industrial Property We were able to obtain 77% Loan to Value equity take-out financing which was secured by the cash flows of the existing operating business. Best of all, we were able to secure approval for this client within 15 days! https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589319103322-V6NJIKGT5M003DHZSZZP/commercial%2Bstrata%2Bunit.jpg Term Financing - Commercial Unit Commercial strata unit in Surrey financed by local credit union at 83% loan-to-value for business start-up and based on income projections and no historical financial statements. Financing includes a commercial term loan and a six-figure business operating loan. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552774809255-U2PCIB64GKS0VLSTYJHF/Term+Mortgages+page+2.jpg Term Financing https://www.axiumcap.ca/residential-mortgages daily 0.75 2021-07-21 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589318064253-ZNXFJJJS5QXXCMCR7IWD/a0f69ae9bdf5d66fe49608734ab63df3b19e6be0786b276c8d63cf0ae6cc84cc.jpg Residential Financing - Income and Down Payment Exception We were able to obtain an exception on income as well as source of down payment for our new client. Financing was obtain through a Chartered Bank. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589124500037-K1I7IXQOWZ0OAL94R4M2/308+-+33338+Mayfair%2C+Abbotsford%2C+BC Residential Financing - Insured Mortgage Financing We obtained CMHC insured financing through a Chartered Bank for first time home buyers https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1605828613440-47MH3M8YQ0I0VHTCYAIX/Example+Home Residential Financing - Business Income Qualified We were able to obtain conventional refinancing approval at 77% Loan to Value in Vancouver. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589123877718-NWQAUHCNZCLOA95NWYR1/6500+no+4+rd+richond+-+residential+deal+-+2nd+page.png Residential Financing - Equity Take-out The client retained Axium Capital to secure private equity take out financing from two detached homes in Richmond, BC. This was a challenging deal due to declining prices, however, we were able to structure the deal to maximize the equity while securing a great interest rate for our client. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589123413993-SARP5FKV4TOWHEJ2O583/107-2388+Madison+Ave+Burnaby Residential Financing - Non-Resident Financing Non-resident financing for a young couple. Our client purchased their second home and did not have standard Canadian income. We were able to qualify them for approval based on income from Hong Kong. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1626894728703-57IMBBW66KSOAG7MEUNI/Linea+presale+condo.jpeg Residential Financing - Private Financing Due to COVID, the client’s business struggled so the bank that initially preapproved him, declined the deal last minute. We approved and funded the file within 2 weeks. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589124818000-0KNJ9WYOSQRV7AG2NPXG/418+-+2970+King+George%2C+Surrey%2C+BC Residential Financing - First Time Home Buyer We provided standard purchase financing for a new buyer with 20% down through a mono-line mortgage lender. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1623452004540-91417E8CO4H0WDIOWZCY/20210610.jpg Residential Financing - Investment Condo Purchase Axium assisted in placing a +/-$1MM mortgage representing an 80% LTV at Prime minus 0.91% rate on an investment condo purchase. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1622499913840-S8MK5LOTP3IWSUNRH0LG/Railcar+File+pic.jpeg Residential Financing - Conventional Financing We provided an 80% Loan to Value for this $1.4 million single-family home in Abbotsford at a very low rate, beating the clients existing home bank offer. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1595535304879-B780W5L2UIICQ8XDBNIQ/Screen+Shot+2020-07-23+at+1.12.42+PM.png Residential Financing - Private Residential Financing We placed a private loan over a 7,000 sf property in Vancouver for $2.5 million in the midst of COVID-19. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552776843835-6WE24TUPOPPT4U5PZBCQ/11406+Delta+-++residential+deal+-+2nd+page.jpg Residential Financing - Debt Consolidation The biggest challenge in this deal was inconsistent level of income year over year from the client; however, we were able to work with the lender to re-structure the deal to refinance and improve overall monthly cashflow, saving our client thousands of dollars in interest fees they would have paid in credit cards and lines of credit. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589124149975-SG451HCQK5SWNK58X97A/11-2950+Lefeuvre%2C+Abbotsford%2C+BC Residential Financing - First Time Home Buyer Our young clients were first time home buyers and did not have enough income to meet standard financing approval. We were able to obtain an exception from the bank and gain an approval at a low interest rate. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552775735777-SWNOJOODOB6VI6AQEEFB/Residential+Mortgages+-+2nd+page.jpg Residential Financing https://www.axiumcap.ca/contact daily 0.75 2024-03-20 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1710962665213-CP2FXSO8YHEJUWOHRVNR/mike-benna-WHHY-iBp3aI-unsplash.jpg Contact https://www.axiumcap.ca/cmhc-financing-options daily 0.75 2022-09-21 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589318777857-4CUDNIAY17PM3E7I0OMQ/CMHC+financing1.png CMHC Financing - Multi-Family Rental Housing We obtained approval on this property in Vancouver without a current appraisal, at a very low-interest rate and with a long amortization. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589318179541-W8RH55YLBI8YTEKSK509/CMHC+financing.png CMHC Financing - CMHC - Rental Multi-family financing provided for our experienced client. This deal required us to work through a couple challenges. We were able to navigate our client through a complex CMHC application process. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/a4b97eec-b02e-4aec-95e4-87f0bd21ebf8/7911-7923-Edmonds-Street2.jpg CMHC Financing - CMHC Construction Loan $41MM+ CMHC construction financing. Axium guided our clients through the whole CMHC application process and succeeded in obtaining a high leverage and low rate loan. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552774809255-U2PCIB64GKS0VLSTYJHF/Term+Mortgages+page+2.jpg CMHC Financing https://www.axiumcap.ca/construction-financing-options daily 0.75 2022-09-21 https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1579809233562-6YPU49UGSD71IZUBIH53/park+house.PNG Construction and Land Financing - Park House - Development Financing Click here to check out the project https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589126591727-6DSJMQLPN01NGRM84ZG8/Future+Development+Site+-+Burnaby%2C+BC Construction and Land Financing - Land Financing Low interest rate land financing obtained from a Big 5 Bank for a future development site in Burnaby, BC. Financing was structured to allow the Borrower to draw on the loan as subsequent parcels of land were acquired. We provided commitment for the full loan upfront but the client only has to pay interest on drawn funds. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/81380074-bcb3-427b-bdf3-d7e7348c6ac6/1654809108406.jpeg Construction and Land Financing - Land Financing We obtained first and second mortgage financing for a future redevelopment site that is located within the Broadway Corridor Plan. Despite the client having no prior development experience, Axium was able to obtain financing at 70% LTV and on a FIXED rate with a private lender that blends to ONLY 5.9%. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1597608176745-R8RDE0X9Y9J3DVFOQBDL/North+Shore+Development Construction and Land Financing - High-Rise Financing We assisted a first time developer in obtaining over $40MM in refinancing, including stripping out significant equity, for a high rise development site on the North Shore. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1620840307129-VSPAETVVFJMERZEAQLPM/Screen+Shot+2021-05-12+at+10.24.02+AM.png Construction and Land Financing - Light Industrial Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/104b2eae-0339-4795-9fbf-4c3b44e7b7f3/1641919667307.jpeg Construction and Land Financing - Construction Financing Levered at 85% LTC construction financing for a 76 unit townhouse project in Surrey, BC. As BC’s most experienced team of construction financing mortgage brokers, the Axium team was able to obtain offers from multiple Senior lenders. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/35054206-4b44-4fa9-bd8f-a070f7279c50/20210819+-+2.JPG Construction and Land Financing - 48-hr Funding Commercial multi-family financing for a redevelopment parcel of land in North Vancouver….. at an interest rate under 9%!! We had an initial discussion with the developer and within a few minutes of speaking with multiple lenders we had a verbal structure and terms agreed to with one lender, who worked all the way through the process to providing a formal commitment letter and instructing lawyers the same day. Funding took place just over a day later. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1589319294369-M1YYTFEP4CWLXSJPIKW4/image-asset.png Construction and Land Financing - Land Loan This was a private deal in North Vancouver. Our client acquired a future development site, we secured financing with a one year loan term, low fee structure and best of all, the client has the ability to pay off the loan without any penalties. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/019a43c0-9a5a-4ad5-adc4-7ddb26520975/1639674890661.jpeg Construction and Land Financing - Construction Financing We're proud to have obtained construction financing for The Linden, a multi-family development in North Vancouver. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/3f43c812-1cd6-4847-b1d0-7f1e9d98281e/1651599277681.jpeg Construction and Land Financing - Hospitality Property We obtained low rate financing from a Canadian bank for a seasonal, remotely located hospitality property in Northern BC with no appraisal required and limited personal guarantees. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/c80fe031-de6d-435e-b3f0-3ecfe5a9c8f8/Marvel+2050+2070+Marine+Drive.png Construction and Land Financing - Land Refinancing Our team recently re-financed future redevelopment site, $45MM+ floating rate land loan with an Interest Rate Ceiling! Terms were agreed to a number of months ago and with recent interest rate hikes the rate ceiling is on track to save the client $450k+ in annual interest. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/63e22467-09a1-4b37-932e-3c7ace5a4e32/1655230632147.jpeg Construction and Land Financing - Inventory Loan Axium recently obtained low rate inventory financing from a local credit union for a newly completed stacked townhouse project in Kitchener, Ontario. This enabled the client to strip out equity to invest in another property. Being part of the nation wide brokerage of TMG The Mortgage Group, Axium has been able to work on financing for our clients and projects across Canada. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1622662340020-9UV3GF6OIRBB32EZOMY2/Screen+Shot+2021-06-02+at+12.31.48+PM.png Construction and Land Financing - Land Financing 13MM (65% LTV) land financing for a high rise site in Surrey Central. Loan was approved and funded in just over a month. With so many projects being delayed, land lenders are pickier than ever. Axium's extensive development financing experience enables us to find viable options for experienced and inexperienced developers. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/014d4af1-80b9-43fe-853f-dd239c7bec46/Screen+Shot+2022-07-08+at+12.43.56+PM.png Construction and Land Financing - Revolving Construction Loan We were able to obtain a low rate revolving construction loan, from a Canadian FI at 83% LTC for a multi-phase industrial development located on Leased Land in West Kelowna. Say that 10 times fast! We're proud to have structured such a complex loan, helping to finance another project in the Okanagan. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1579808487642-4YQKSHB1FIAIUMPOMHFB/Constructoin+Financing+-+618+Carnarvon Construction and Land Financing - 618 Carnarvon - Development Financing Click here to check out the project https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/cf8cd3af-77c9-49b9-bea5-18433ef351b0/Screen+Shot+2022-07-08+at+1.11.17+PM.png Construction and Land Financing - Land Financing With the current low cap rate and high interest rate environment, this Vancouver apartment property only qualified for conventional financing of +/-30% of the purchase price. Axium was brought in and acted as a Trust Advisor in completing a thorough review of the client’s entire personal and commercial real estate portfolio and business operations. Through a creative financing structure we were able to more than double the loan over the subject property to be 65% of the purchase price at a low rate from a major bank. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1db57e12-b484-40b3-bc11-a6e78f1c9413/1640203120832.jpeg Construction and Land Financing - Land Refinancing We obtained a $40MM 1st mortgage and $12.5MM 2nd mortgage over a downtown Vancouver site. We were able to refinance the property with such amazing terms that the client obtained MORE MONEY but with a significantly lower interest rate that they will pay LESS INTEREST OVERALL than their previous financing. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/5bc3ddfd-cb6c-44cc-8aed-22a433ad2c2b/1639588805288.jpeg Construction and Land Financing - Land Financing We are excited to have assisted our client with a Vancouver land acquisition that only required +/-10% cash equity to close. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1620682296627-JJZ1J9BF0TKIHQ3859OK/Jimmy+-+Picture+-+Exe+Summary.png Construction and Land Financing - Land Financing Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/4d3f14a1-5609-47a4-83ad-8fdfcbf1bc09/20220823.jpg Construction and Land Financing - Construction Financing $15MM+ construction financing for a 38 unit condo project. Initial poorly structured financing was provided by another lender 2-yrs ago with a land advance and a fully approved construction loan; however, with the increase to construction costs (as well as revenue) the developer had to inject significant equity to meet the loan terms. Axium refinanced the project mid-construction with a local credit union, increasing the total debt by 25% and allowing the client to strip out a few millions of dollars of equity. https://images.squarespace-cdn.com/content/v1/5c887edb51f4d4af6fac719f/1552774809255-U2PCIB64GKS0VLSTYJHF/Term+Mortgages+page+2.jpg Construction and Land Financing https://www.axiumcap.ca/axium-team-members daily 0.75 2019-04-02