Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$200,000

Loan Term:

5 years

Amortization:

20 years

Status:

Funded

New windows, deck repairs, and new fences in Red Deer, AB

This condominium, a corporation located in Red Deer, Alberta, required a condominium loan for new windows, deck repairs, and new fences. The condominium apartment has over 15 units, spans 3 stories, and has surface level parking. The building was constructed in the 1970s and was converted into a condominium in 2007 and considerable restoration work was performed.

The loan was initially provided in 2011 for additional work. Since this time, one renewal with the condominium corporation has been completed with Morrison Financial with the most recent being in 2016.

Location

Red Deer, AB

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