Financing for Redevelopment of a Site
Loan Priority
1st Mortgage
Loan Amount
$6,250,000
Loan to Value (LTV)
50%
Loan Purpose
The borrower intends to redevelop the site into a 7-storey mixed use building containing 356 residential units. The site, situated adjacent to the Aurora GO-Station, is currently improved with two tenanted commercial buildings and three detached dwellings.
Location
Aurora