Capital that funds your project from the ground up.
Triple Queens provides private commercial construction financing for developers, builders, and investors across British Columbia, Alberta, Ontario, and Quebec. A construction loan funds the cost of building or substantially renovating a property and is advanced in stages — known as draws — as work is completed and verified. When your project is shovel-ready and the bank’s timeline isn’t, our construction financing keeps the build moving with funding tied to real progress on site.
What Is Commercial Construction Financing?
Construction financing is short-term, interest-only capital used to pay for the “vertical” cost of developing a commercial property — labour, materials, trades, and soft costs — plus, in many cases, the land and site servicing beneath it. Rather than advancing the full loan at closing, the lender releases funds through a monitored draw schedule, with each draw inspected and verified against completed work. This protects both borrower and lender and keeps interest costs down, since you only pay on the funds you have actually drawn. Triple Queens underwrites construction deals on total project cost, as-complete value, and the strength of your team and budget.
What We Fund
- Ground-up construction of commercial, industrial, and mixed-use buildings
- Multi-residential and purpose-built rental development
- Site servicing and horizontal development
- Major renovations, additions, and adaptive reuse or conversions
- Owner-occupied facilities and income-producing projects
- Bridge-to-construction and construction-to-term scenarios
Key Features & Terms
- Loan amounts from $2 million and up
- Terms typically 12 to 36 months
- Financing measured against loan-to-cost (LTC) and as-complete value
- Interest-only during construction, often with an interest reserve built in
- Funds advanced through a monitored draw schedule
- First mortgages on serviced land and in-progress projects
- Flexible structuring aligned to your construction timeline and exit
Who Construction Financing Is For
- Developers and builders with shovel-ready, permitted projects
- Investors expanding, adding density, or repositioning income properties
- Owner-operators building or expanding their own facilities
- Sponsors who need a lender that can keep pace with the build
How Construction Draws Work
- Submit your project — pro forma, budget, plans, permits, and timeline
- Term sheet & underwriting — we review costs, value, and your team’s track record
- Initial advance & draw schedule — set against defined construction milestones
- Progress draws — released as each stage is inspected and verified on site
- Completion & takeout — exit to sale or term financing
Why Triple Queens
- Real estate and capital-stack expertise — we understand how projects actually get built
- Draw schedules that match your build, not an arbitrary template
- Speed and certainty — fast decisions and reliable funding at every stage
- Relationship-focused — we back developers and broker partners deal after deal
“Triple Queens structured a construction facility with a draw schedule that actually matched our build. Funds arrived on time at every stage and we finished ahead of schedule.”
Amrit Gill — Managing Director, Cornerstone Build Group
Surrey, BC
Frequently Asked Questions
What is the difference between loan-to-cost and loan-to-value?
Loan-to-cost (LTC) measures your loan against the total cost to complete the project, while loan-to-value (LTV) measures it against the finished, as-complete value. Construction lenders look at both to size a loan and ensure there is enough equity and value to support it.
How do construction draws work?
Instead of releasing the full loan upfront, we advance funds in stages as construction progresses. Each draw is requested against completed work, inspected or verified, and then released — so you only pay interest on what you have actually drawn.
Do you fund ground-up construction or only renovations?
Both. We finance ground-up construction, major renovations, additions, and adaptive-reuse conversions of commercial, industrial, multi-residential, and mixed-use properties.
What documents do I need to apply?
Typically a project pro forma, a detailed construction budget, drawings or plans, permits or their status, your timeline, and information on your team’s experience. The clearer your package, the faster we can issue terms.
Can you finance the land and the construction together?
Yes. We can structure financing that covers land acquisition or servicing and rolls into the construction facility, giving you a single lender from site to completion.
What happens when construction is complete?
The construction loan is repaid through your exit — usually a sale of the completed project or a refinance into longer-term or conventional financing. We can also discuss construction-to-term options up front.
How experienced does my team need to be?
Experience helps, but it is one factor among several. We weigh the project economics, budget, value, and exit alongside your track record, and we regularly work with capable teams on their next stage of growth.
Get Started
Have a shovel-ready project that needs a lender who can keep pace? Submit your project, request a term sheet, or talk to a construction lending advisor today. Contact us to apply »