Loan Summary

Purpose:

Major Repairs and Replacements

Loan Amount:

$700,000

Loan Term:

5 years

Amortization:

10 years

Status:

Funded

Roof and roadwork for townhomes complex in Ajax, ON

This condominium, a corporation located in Ajax, Ontario, required a condominium loan for roadway and roof work. The complex contains over 60 townhomes spanning several blocks and was constructed in 1973. The loan was initially provided in 2018. Morrison Financial was able to move quickly as the borrower needed to complete the repairs before winter to ensure structural integrity of the units.

Location

Ajax, ON

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