This condominium, a corporation located in Red Deer, Alberta, required a condominium loan for new windows, deck repairs, and new fences. The condominium apartment has over 15 units, spans 3 stories, and has surface level parking. The building was constructed in the 1970s and was converted into a condominium in 2007 and considerable restoration work was performed. The loan was initially provided in 2011 for additional work. Since this time, one renewal with the condominium corporation has been completed with Morrison Financial with the most recent being in 2016.
Location
Red Deer, AB
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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.
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