CANADA'S FIRST CONDOMINIUM CORPORATION LENDER

CondoCorp 

Lending

Since pioneering Canada's first condominium corporation loan in 1994, Morrison Financial has provided in aggregrate of hundreds of millions in financing to condos and stratas nationwide - helping corporations fund major capital projects without special assessments.

01

Amount

$200,000 to $7M+, underwritten to project budget and corporation cash flow.  

02

Interest Rate

Competitively priced over the matching Government of Canada bond yield.

03

Term

5 to 10 years, fixed. Evaluated on case-by-case basis.

04

Amortization

Up to 25 years. Repaid through common expense levies - no special assessment required.

05

Security

General security over common expense receivables and statutory lien rights. No charge against unit titles or common elements.

Condominium Corporation Loans

What We Finance

Morrison Financial specializes in lending to condominium corporations 
across Canada for the following purposes.

Additions and Alterations

Funding designated for structural modifications and targeted improvements that advance the property's functionality, long-term value, and overall appeal.

Refinancing of Guest Suites

Resources allocated to restructure or optimize existing debt related to guest suites, freeing current financial stability and operational flexibility.

Reserve Fund Replenishment

Contributions to restore and strengthen reserve fund balances, ensuring sufficient resources for upcoming commitments and unforeseen expenses.

Major Repairs and Replacements

Support for maintenance and replacement projects that protect asset integrity, uphold safety standards, and promote long-term performance and durability.

learn about our process
Financing Completed
$ 1 B+
Assets Under Management
$ 200 M+
Years in Business
10 +

Featured Transactions

Reserve fund replenishment for an apartment condominium in Toronto, ON

Loan amount

$1,500,000

Location

Toronto, ON

Balcony and cladding repair loan in Edmonton, AB

Loan amount

$400,000

Location

Edmonton, AB

Elevator replacement loan in St. Albert, AB

Loan amount

$300,000

Location

St. Albert, Alberta

Building envelope and new elevator purchase loan in Edmonton, ON

Loan amount

$1,500,000

Location

Edmonton, ON

Repairs and upgrades for an apartment condominium in Etobicoke, ON

Loan amount

$4,000,000

Location

Etobicoke, ON

Building repairs for an apartment condominium in Edmonton, AB

Loan amount

$1,500,000

Location

Edmonton, AB

Financing repairs and replacements for a condominium townhouse complex in Collingwood, ON

Loan amount

$3,200,000

Location

Collingwood, ON

Refinancing an existing mortgage for a condominium apartment building in Toronto, ON

Loan amount

$209,600

Location

Toronto, ON

Replenishment of reserve fund for a townhouse condominium in Fort McMurray, AB

Loan amount

$1,146,000

Location

Fort McMurray, AB

Replenishment of reserve fund for apartment condominium in Woodbridge, ON

Loan amount

$1,750,000

Location

Woodbridge, ON

Complex condominium financing structure in Toronto, ON

Loan amount

$2,000,000

Location

Toronto, ON

Roof and roadwork for townhomes complex in Ajax, ON

Loan amount

$700,000

Location

Ajax, ON

Structural repair to parking deck in Edmonton, AB

Loan amount

$2,000,000

Location

Edmonton, AB

Guest suite refinancing in Toronto, ON

Loan amount

$209,600

Location

Toronto, ON

Garage roof repair in Oakville, ON

Loan amount

$550,000

Location

Oakville, ON

Major repair and replacement of a condominium apartment in Toronto, ON

Loan amount

$8,000,000

Location

Toronto, ON

New windows for a condominium in Mississauga, ON

Loan amount

$2,100,000

Location

Mississauga, ON

New windows, deck repairs, and new fences in Red Deer, AB

Loan amount

$200,000

Location

Red Deer, AB

Boiler replacement loan in North York, ON

Loan amount

$1,125,000

Location

North York, ON

Exterior and balcony repair loan in Toronto, ON

Loan amount

$1,600,000

Location

Toronto, ON

Building envelope and roof repair loan in Edmonton, AB

Loan amount

$2,300,000

Location

Edmonton, AB

Interior and exterior repair loan in Edmonton, AB

Loan amount

$2,300,000

Location

Edmonton, AB

Exterior wall rehabilitation loan in Ottawa, ON

Loan amount

$1,200,000

Location

Ottawa, ON

New windows and re-stuccoing loan in Leduc, AB

Loan amount

$800,000

Location

Leduc, AB

Go to FEATURED TRANSACTIONS

YOUR CONTACTS

Speak With Our Team

Matthew Solda
Matthew Solda, MBA

Vice President

Chawin Vajanopath
Chawin Vajanopath, MBA

Senior Director, Operations

Frank Angelo Marino
Frank Marino, MBA

Director, Loan Originations

Get in touch

We’re Here 

to Help

We’re Here to Help

Reach out to us anytime. Whether you’re exploring investment options or looking for expert advice, we’d love to hear from you.

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