Morrison Financial is currently financing a project to construct 24 stacked townhomes in Kitchener, Ontario. The project received Site Plan Approval from the city earlier this year. In addition, despite the challenging market environment, the developer was able to successfully pre-sell 15 of the 24 units to satisfy our requirement for construction financing.
We are happy to announce that the project has broken ground. Site servicing is mostly completed, and formwork is currently in progress. We look forward to helping bring this project to completion in the coming months.
