Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$8,000,000

Loan Term:

5 years

Amortization:

15 years

Status:

Funded

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

This condominium, a corporation located in Toronto, Ontario, required a condominium loan for various repairs including repairs to the parkade, roof, balcony, boilers, pool, elevator, and mold remediation. The condominium apartment contains over 200 units, a parkade, and was constructed in the late 1970’s.

The loan was initially provided in 2012 for the work. Since this time, one renewal with the condominium corporation has been completed with the most recent being in 2019.

Location

Toronto, ON

Let us help you get started

Determing what your board or directors requires for their next project doesn’t need to be complicated and we are here to help you fill the gap when it comes to your finances.

Team

Contact our condo financing team today

Learn more

Read more on condo financing in our articles section

Projects

Take a look at projects that we financed

About us

Learn more about why we have been successful for 30 years