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 […]

News windows for a condominium in Mississauga, ON

A condominium corporation located in Mississauga, Ontario reached out to Morrison Financial to get financing for new windows. The condominium complex was originally constructed circa 1972 consisting of a high-rise building with over 100 units and underground and surface parking stalls.

Building envelope and roof repair loan in Edmonton, AB

This condominium, a corporation located in Edmonton, Alberta, required a condominium loan to repair its envelope structure and repair the parking structure on the property. The property is just outside of downtown Edmonton and contains 54 condominium apartments units with underground parking. Historically, the condominium corporation had a difficult time collecting arrears and assessments. Morrison […]

Interior and exterior repair loan in Edmonton, AB

This condominium, a corporation located in Edmonton, Alberta, required a condominium loan for various repairs related to both interior and exterior elements of the building including, but not limited to, existing cladding, balconies, windows, doors asphalt, and boilers. The complex is located in a largely residential neighborhood and contains 78 units. Initially, the plan was […]

Exterior wall rehabilitation loan in Ottawa, ON

This condominium, a corporation located in Ottawa, Ontario, required a condominium loan to repair the exterior walls of the condominium apartment building. The property is located in central Ottawa and contains 45 units. Initially, the borrower looked to fund the loan with a lower cost solution, however, due to timing requirements proceeded with Morrison Financial […]

New windows and re-stuccoing loan in Leduc, AB

This condominium, a corporation located in Leduc, Alberta, required a condominium loan for new windows and re-stuccoing. The complex contains over 60 units across several blocks of two-story townhomes and adjacent surface-level parking and was originally constructed in 1975. The corporation is well managed and the property is in excellent condition today. Originally, the condominium […]