Loan Summary


Major Repairs and Replacements

Loan Amount:


Loan Term:

5 years





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

Morrison Financial has agreed to provide financing for a condominium 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%.

The total approved loan amount to the condominium corporation stands at $3.2 million. Upon request, however, each unit-owner will have the option of either participating in the loan, or paying down their share of the special assessment up-front at construction completion. 


Collingwood, ON

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