Basement Development Program
Your basement should pay you.
Financing built specifically for Alberta homeowners who want to construct a legal basement suite. We fund the build, you collect the rent, and the suite lifts the value of the whole property.
From $50,000
Start my application
What you get
- Funding for a full legal secondary suite build
- Interest only payments while construction is underway
- Underwritten on appraised value, not on income ratios
- Refinance into long term financing once the suite is rented
How it works
- 01
Make your empty space work for you
An unfinished basement is dead square footage. We fund the build so it starts earning.
- 02
Pay your mortgage from rent
A legal suite turns your largest monthly expense into a covered one.
- 03
Enhance your property value
A finished, rentable suite lifts appraised value, not just livable space.
- 04
Refinance and keep the income
Roll into long term financing and enjoy the cash flow for years.
Low stress process
No GDS/TDS. No CRA documents. No minimum credit score.
Interest only options
Keep monthly costs low while your plan comes together.
Quotes in 2 hours
Professionals lending since 1980.
Basement Development Program questions, answered
Do I need a minimum credit score?
No. B2 Capital Corp. lends on the equity and the appraised value of your property, so there is no minimum credit score requirement.
How fast can I get a quote?
Rate quotes are issued within 2 hours during business hours.
Are payments interest only?
Yes. Payments stay interest only during the build so your monthly cost stays low until the suite is generating rent.