Expanding Real Estate Portfolio

Loan Priority

1st Mortgage

Loan Amount

$20,296,000

Loan to Value (LTV)

65%

Loan Purpose

The borrower, a successful real estate developer, was seeking capital to acquire a new property and to pay off a matured bank loan. They had recently completed renovations on a portfolio of up-and-coming industrial sites, which had just been tenanted. We arranged an equity take-out across four of these properties, providing the necessary funds without disrupting their operational momentum.

Location

Toronto, ON