Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$550,000

Loan Term:

5 years

Amortization:

10 years

Status:

Funded

Garage roof repair in Oakville, ON

A condominium corporation located in Oakville, Ontario, required a condominium loan for repairs to the roof of the parking garage. The condominium apartment building contains over 90 units and a parking garage.

The loan was initially provided in 2010 for the work. Since this time, Morrison Financial renewed the loan in 2015 and it was subsequently paid off in 2020.

Location

Oakville, ON

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