Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$3,200,000

Loan Term:

5 years

Amortization:

TBD

Status:

Not funded

Financing repairs and replacements for a condo townhouse in Collingwood, ON

Morrison Financial has agreed to provide financing for a condo townhouse complex in Collingwood, ON. The purpose of the loan is for major repairs and replacements to the condominium property, mainly for a roof and wood cladding replacement project. The complex backs directly onto Georgian Bay. The loan to value of the project was about 6%.

Location

Collingwood, ON

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