Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$4,000,000

Loan Term:

5 years

Amortization:

15 years

Status:

Funded

Building repairs and upgrades for an apartment condo in Etobicoke, ON

Morrison Financial provided a term loan, originally, in 2012 to be used to fund repairs and upgrades of the common elements of a condo in Etobicoke, ON. The building was built over 30 years ago and is comprised of 17 storeys and over 200 units. Since the loan origination, the Borrower has opted two renew for two additional terms.

Location

Etobicoke, ON

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