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Building envelope and new elevator purchase loan in Edmonton, ON

Building envelope and new elevator purchase loan in Edmonton, ON

Morrison Financial provided a loan to a 72-unit condominium in Edmonton, Alberta for the purpose of building envelope and elevator restoration. The loan to value of the project was less than 14%.

Location

Edmonton, ON

Loan amount:
$1,500,000
Loan Term:
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Purpose:
Major Repairs and Replacements
Location:
Edmonton, ON
Status:
Funded

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Speak With Our Team

Alenna Emer, CPA, CA

Chief Financial Officer

Chawin Vajanopath, MBA

Senior Director, Operations

Matthew Solda, MBA

Vice President

Featured Transactions

Building envelope and new elevator purchase loan in Edmonton, ON

Loan Amount

$1,500,000

Location

Edmonton, ON

Repairs and upgrades for an apartment condominium in Etobicoke, ON

Loan Amount

$4,000,000

Location

Etobicoke, ON

Building repairs for an apartment condominium in Edmonton, AB

Loan Amount

$1,500,000

Location

Edmonton, AB

Financing repairs and replacements for a condominium townhouse complex in Collingwood, ON

Loan Amount

$3,200,000

Location

Collingwood, ON

Refinancing an existing mortgage for a condominium apartment building in Toronto, ON

Loan Amount

$209,600

Location

Toronto, ON

Replenishment of reserve fund for a townhouse condominium in Fort McMurray, AB

Loan Amount

$1,146,000

Location

Fort McMurray, AB

Replenishment of reserve fund for apartment condominium in Woodbridge, ON

Loan Amount

$1,750,000

Location

Woodbridge, ON

Complex condominium financing structure in Toronto, ON

Loan Amount

$2,000,000

Location

Toronto, ON

Roof and roadwork for townhomes complex in Ajax, ON

Loan Amount

$700,000

Location

Ajax, ON

Structural repair to parking deck in Edmonton, AB

Loan Amount

$2,000,000

Location

Edmonton, AB

Guest suite refinancing in Toronto, ON

Loan Amount

$209,600

Location

Toronto, ON

Garage roof repair in Oakville, ON

Loan Amount

$550,000

Location

Oakville, ON

Major repair and replacement of a condominium apartment in Toronto, ON

Loan Amount

$8,000,000

Location

Toronto, ON

New windows for a condominium in Mississauga, ON

Loan Amount

$2,100,000

Location

Mississauga, ON

New windows, deck repairs, and new fences in Red Deer, AB

Loan Amount

$200,000

Location

Red Deer, AB

Boiler replacement loan in North York, ON

Loan Amount

$1,125,000

Location

North York, ON

Exterior and balcony repair loan in Toronto, ON

Loan Amount

$1,600,000

Location

Toronto, ON

Building envelope and roof repair loan in Edmonton, AB

Loan Amount

$2,300,000

Location

Edmonton, AB

Interior and exterior repair loan in Edmonton, AB

Loan Amount

$2,300,000

Location

Edmonton, AB

Exterior wall rehabilitation loan in Ottawa, ON

Loan Amount

$1,200,000

Location

Ottawa, ON

New windows and re-stuccoing loan in Leduc, AB

Loan Amount

$800,000

Location

Leduc, AB

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Our Services

Mortgage Lending

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.

CondoCorp Lending

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.

Mortgage Investment

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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