This condominium, a corporation located in Toronto, Ontario, required a condominium loan to refinance guest suite mortgages from the developer. The condominium apartment building contains over 160 units, a parkade, and was originally constructed in 2009. The loan was initially provided in 2013. Since this time, Morrison Financial has renewed the loan in 2018 and looks forward to the corporations continued business.
Location
Toronto, 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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