This condominium, a corporation located in Toronto, Ontario, required a condominium loan for various repairs including repairs to the parkade, roof, balcony, boilers, pool, elevator, and mold remediation. The condominium apartment contains over 200 units, a parkade, and was constructed in the late 1970’s. The loan was initially provided in 2012 for the work. Since this time, one renewal with the condominium corporation has been completed with the most recent being in 2019.
Location
Toronto, ON
Get in touch
Reach out to us anytime. Whether you’re exploring investment options or looking for expert advice, we’d love to hear from you.
Our Services
We tailor lending options for builders and developers across Ontario to assist with acquisition, site servicing and construction of primarily multi-unit residential real estate developments.
We work with boards of directors and condo property management to tailor financing focused on repairs, reserve fund shortfalls, and refinancing of guest suites or existing loans.
We offer the opportunity to investors to participate in pools of mortgages, which produce monthly distributions with the target of the investments being capital preservations.
Subscribe to receive Morrison Financial updates, market insights, and investment news.
Tell us how we can help — our team will respond within one business day.
