This construction financing opportunity for a mixed-use development is located in Port Elgin, Ontario. The development will consist of 12 residential units and 47 commercial units, as well as parking stalls and lockers. Most of the units have been presold prior to accessing the construction financing. The project is currently well underway. In addition, this development provides a great opportunity to grow a community in support of Bruce Power’s $13 billion refurbishment program, which is happening in a nearby town. This multi-year program is targeted to generate 1,500 to 2,500 jobs on-site annually and 18,000 jobs across Ontario directly and indirectly while injecting up to $4 billion annually into Ontario’s economy.
