Repairs and upgrades for an apartment condominium in Etobicoke, ON
Morrison Financial provided a term loan to a condominium corporation, originally in 2012, for the funding of various repairs and upgrades of the common elements. The condominium is an apartment styled building in Etobicoke, ON, and was built over 30 years ago. The building is comprised of 17 storeys and over 200 units. Since the […]
Replenishment of reserve fund for a townhouse condominium in Fort McMurray, AB
Morrison Financial committed to providing financing in 2010 to a townhouse condo project comprised of over 200 townhouses over 11 buildings. The condo was destroyed by the Fort McMurray wildfires and was completely rebuilt in 2017 with the funds from insurance proceeds. Since the deal origination, the Borrower has opted to renew the loan three […]
Replenishment of reserve fund for apartment condominium in Woodbridge, ON
Morrison Financial committed to providing financing to replenish the reserve fund of an apartment condo located in Woodbridge, ON. The building was completed in the last 10 years and is 13 storeys. The LTV for the condo loan is less than 2%.