December 2020 – Deal #1

This was a low loan-to-value, loan on a tenanted property well-situated in Cambridge, Ontario, that is slated for redevelopment into a 3-building, 44-unit stacked townhouse project.  The loan is a relatively small one.  The principal reason for advancing a loan of such small proportion was to initiate a relationship with the Borrower that would lead to a deal to provide a larger construction loan when the project arrived at the point of having that need.  At the time of preparation of this Featured Deal sheet, that time had not yet arrived.