Financing Construction In-Progress: How Keystone Steps In Mid-Project

In the world of construction financing, timing is everything. Many lenders are comfortable funding a build before the first shovel hits the ground — but once construction has started, the list of willing lenders shrinks fast. This can leave borrowers stuck mid-project, facing delays and cash flow headaches.

At Keystone MIC, we understand that real estate projects don’t always follow a perfect schedule. Whether a borrower needs additional funds after breaking ground or a lender has stepped away mid-build, we have the flexibility to step in and keep the project moving.

Case Study: Tantallon, Nova Scotia

One recent example involved a borrower building a home in Tantallon, Nova Scotia. They were already well into the construction process, but still needed financing to push the project toward completion. Many traditional lenders wouldn’t touch the file — but Keystone saw a strong opportunity.

Here’s how the deal came together:

• Location: Tantallon, Nova Scotia

• Total Facility: $370,000

• Advanced on Closing: $320,000

• Current Value: $525,000 → Starting LTV = 61%

• Completed Value: $775,000 → Ending LTV = 48%

The property’s strong market value and healthy loan-to-value ratios gave us the confidence to move quickly and secure the required funding.

Why Brokers Bring These Deals to Keystone

Brokers know that construction deals often come with unique challenges:

• A borrower may run out of funds mid-build.

• A previous lender may refuse to advance the next draw.

• Unexpected costs may arise, making the original budget too tight.

In these situations, Keystone’s ability to:

• Fund mid-project,

• Advance large portions at closing, and

• Provide interest-only payment options

…can make all the difference in keeping a project on track.

The Takeaway

If you’re a broker or investor working with a client whose construction financing has stalled — even if the build is already underway — Keystone can step in, assess the project’s current and future value, and provide tailored funding to see it through to completion.

Have a mid-build project that needs financing?
Contact Keystone MIC today to see how we can help.