Financing
Bringing Your Dream To Reality - Today
At Notorious Suites, we believe that creating a legal secondary suite is one of the smartest financial moves a Calgary homeowner can make. Not only does it provide a significant boost to your property value, but it also creates a reliable stream of monthly rental income that can help pay down your mortgage faster.
We also understand that while the long-term rewards are clear, the initial investment for a high-quality, code-compliant renovation can be a hurdle. That is why we are proud to announce our partnership with FinanceIT, Canada’s leading point-of-sale lender.
Our goal is simple: to help you start your project sooner, manage your cash flow effectively, and build a legal suite that meets every City of Calgary safety standard without the stress of a massive upfront payment.
Why Finance Your Suite?
Choosing to finance your basement renovation isn’t just about “borrowing money”—it’s about strategic cash flow management. Here is how our partnership with FinanceIT helps you move forward:
Preserve Your Savings: Keep your emergency funds and personal savings intact while using financing to cover the construction costs.
Immediate ROI: Because a legal suite generates income immediately upon completion, many homeowners find that their monthly rental income covers the financing payment with ease, often leaving a surplus in their pocket.
Bridge the Gap for City Incentives: The City of Calgary currently offers a Secondary Suite Incentive Program (providing up to $10,000 for qualifying safety upgrades). Financing allows you to fund the full build today, while you wait for government grants or tax rebates to be processed later.
Did You Know?
A legal suite in Calgary can often rent for $1,500 – $2,200 per month. On many FinanceIT plans, your monthly payment could be significantly lower than that, meaning your basement literally pays for itself while putting extra cash in your bank account every month.
How FinanceIT Works
We chose FinanceIT because their process is built for the modern homeowner: transparent, fast, and entirely digital.
1. Simple, Paperless Application
Gone are the days of bank appointments and mountains of paperwork. You can apply for financing right from your smartphone or computer in just a few minutes. The application is private, secure, and provides an instant credit decision.
2. Fair & Transparent Terms
FinanceIT offers competitive interest rates that are typically much lower than a standard credit card. You’ll know exactly what your monthly or bi-weekly payments will be before you sign, with no hidden fees or “fine print” surprises.
Loans up to $100,000: Whether you are doing a simple legalization or a full-scale luxury basement build, we have the limit to cover your vision.
Amortization up to 240 Months: Spread your payments over a term that fits your monthly budget.
3. An “Open” Loan for Maximum Control
One of the best features of FinanceIT is that all loans are completely open. This means you can pay off the balance at any time—whether through your rental income, a tax refund, or a bonus—without any pre-payment penalties or fees.
4. Direct Funding
Once your project is approved and the work is completed to your satisfaction, FinanceIT pays us directly. You don’t have to worry about managing complex progress draws or bank transfers during the construction phase.
Investing in "Legal"
In Calgary, the distinction between a “finished basement” and a “legal suite” is vital. A legal suite requires specific fire separations, independent heating/ventilation, and proper egress windows. These safety features are an investment in your liability protection and your home’s resale value.
By combining Notorious Suites’ expertise in Calgary building codes with FinanceIT’s flexible payment plans, you can ensure your project is done right the first time—fully permitted, fully legal, and fully funded.
Ready to Share Your Renovation Dream?
From the Owner
We can’t wait to hear what you’ve been dreaming about.
Reach out today and lets turn your renovation dreams into reality.
– Nathan Lauzon