The condominium corporation located in North York, Ontario, needed funds to replace a boiler and fund various other repairs pertaining to the common elements. This complex consists of both townhouse units as well as a high-rise building and has underground parking for residents. In total, there are over 300 units in the complex. The Credit Committee was moved by the size of the complex, location, the number of tenants, and its long history of successful operations since the early 1970’s.
Location
North York, ON
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Our Services
We tailor lending options for builders and developers across Ontario to assist with acquisition, site servicing and construction of primarily multi-unit residential real estate developments.
We work with boards of directors and condo property management to tailor financing focused on repairs, reserve fund shortfalls, and refinancing of guest suites or existing loans.
We offer the opportunity to investors to participate in pools of mortgages, which produce monthly distributions with the target of the investments being capital preservations.
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