Land refinancing to support development of a 12-storey mixed use building in Oakville, ON
Morrison Financial closed on a loan to refinance existing mortgage on a property in Oakville, ON, and fund pre-construction costs associated with a proposed residential condominium project. The property is situated in midtown Oakville with close access to the Queen Elizabeth Way. The land will be developed into a 12-storey mixed use building with 137,477 […]
Collateralized land acquisition to support a proposed 254-unit residential development in Cambridge, ON
Morrison Financial provided financing to support a borrower’s acquisition of a 4.2-acre land in Cambridge, ON. Upon acquisition, the borrower will take the property through a redevelopment plan, which is currently in progress. The proposed development is for four three-storey stacked condo townhouse buildings (48 units total) and one 12-storey rental apartment building containing 206 […]
Land refinancing to support development of a 13-storey residential apartment building in Scarborough, ON
Morrison Financial refinanced existing mortgage on a redevelopment land located in Scarborough, Ontario. The land is situated in a highly desirable area close to the University of Toronto – Scarborough campus, Scarborough City Centre, major roads, parks, and community centres. The developer is currently taking the land through approval process to build a condominium-titled 13-storey, […]
Land refinancing and pre-construction loan for luxury residential apartment in Oakville, ON
Morrison Financial recently closed on the opportunity to provide land financing and pre-construction loan for the development of a condominium-titled four-storey luxury residential apartment building in Oakville, ON. The building will have a GFA of approximately 23,500 SF and include eight residential units. The property is situated in a well-developed area in downtown Oakville and […]
Second mortgage refinancing of an apartment under development in Kitchener, ON
Earlier this year, Morrison Financial closed on an opportunity to refinance the second mortgage of a building under development in Kitchener, Ontario by a reputable developer in Ontario. The development is for a seven-storey building, which is comprised of 72 residential units and two commercial units on the ground floor. At the time of closing, […]
Collateralized construction loan for personal home in Halton Hills, ON
Morrison Financial recently closed on an opportunity to provide financing for the construction of our client’s new personal home. The home will be built by a luxury home builder and will be approximately 5000 SF in size once completed. The build is expected to take 12 months. The client also provided a collateral property located […]
Construction of 44 stacked townhomes in Kitchener, ON
Morrison Financial committed to finance the demolition of existing buildings on the subject property and construction of 44 two-bedroom stacked townhomes across two buildings for one of our legacy clients. Morrison Financial has financed six projects for this development group over the last decade. Our team successfully syndicated this opportunity with a Schedule 1 Chartered […]