This condominium, a corporation located in Ajax, Ontario, required a condominium loan for roadway and roof work. The complex contains over 60 townhomes spanning several blocks and was constructed in 1973. The loan was initially provided in 2018. Morrison Financial was able to move quickly as the borrower needed to complete the repairs before winter to ensure structural integrity of the units.
Location
Ajax, ON
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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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