Morrison Financial provided a term loan, originally, in 2012 to be used to fund repairs and upgrades of the common elements of a condo in Etobicoke, ON. The building was built over 30 years ago and is comprised of 17 storeys and over 200 units. Since the loan origination, the Borrower has opted two renew […]
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 […]
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%.