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 times.
Location
Fort McMurray, AB
Get in touch
Reach out to us anytime. Whether you’re exploring investment options or looking for expert advice, we’d love to hear from you.
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.
Subscribe to receive Morrison Financial updates, market insights, and investment news.
Tell us how we can help — our team will respond within one business day.
