A condominium corporation located in Oakville, Ontario, required a condominium loan for repairs to the roof of the parking garage. The condominium apartment building contains over 90 units and a parking garage. The loan was initially provided in 2010 for the work. Since this time, Morrison Financial renewed the loan in 2015 and it was subsequently paid off in 2020.
Location
Oakville, 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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