OPEN PROJECTS

Loan ID

00153

Status

Open

Loan Amount $15,000,000 Loan Purpose Refinance
Loan Terms 2 years Property Type Mixed Use
Appraised Value  $24,000,000 LTV / LTC
Location Ontario Product Type First Mortgage
Notes The proposed development will offer 363,681 square feet of residential (condos and townhomes), 24,350 sq. ft. of retail space and 80,600 sq. ft. of office /commercial space and 491 parking spaces.

Loan ID

00151

Status

Open

Loan Amount $543,750 Loan Purpose Refinance /development
Loan Terms 1 year Property Type Land
Appraised Value $725,000 LTV / LTC
Location Ontario Product Type Equity / Joint Venture
Notes The proposed development will be a six story apartment building, containing 85 units. At site plan approval, the value of the land is estimated at around $1,800,000.

Loan ID

00152

Status

Open

Loan Amount $3,500,000 Loan Purpose Refinance / Renovation
Loan Terms 5 years Property Type Industrial /Agricultural
Appraised Value $6,000,000 LTV / LTC 59%
Location Ontario Product Type First Mortgage
Notes Borrower is seeking a loan in the amount of $3,500,000 to refinance existing debt and further improvements to the property that would allow the owner to generate additional rental income. The property is 126 acres improved with various Industrial / Agricultural buildings. Two of the buildings are leased to a company involved in manufacturing medical marijuana. Ten year term leases with annual gross income of $540,000.

CLOSED PROJECTS

Loan ID

00148

Status

Closed

Loan Amount $30,000,000 Loan Purpose Development/Construction
Loan Terms 3 years Property Type Mixed Use Development
Appraised Value LTV / LTC
Location British Columbia Product Type Debt & Equity
Notes The subject property is a mixed use development, consisting of a luxury hotel, 20 luxury homes, restaurant, marina and winery.

Loan ID

00149

Status

Closed

Loan Amount $1,400,000 Loan Purpose Refinance
Loan Terms 3 years Property Type Land
Appraised Value $3,200,000 LTV / LTC 43%
Location Ontario Product Type First Mortgage
Notes A 37,360 sf. 4 unit industrial building, fully tenanted.

Loan ID

00150

Status

Closed

Loan Amount $3,900,000 Loan Purpose Development
Loan Terms 1 year Property Type Land
Appraised Value $6,300,000 LTV / LTC 62%
Location Ontario Product Type First Mortgage
Notes A 6-storey, 129,515 sf. medical building with 271 surface and 729 underground parking spaces.

In order to protect the credibility of the project /borrower and the interest of our funding sources, please note that the deals would be reviewed only by one source at the time. Consequently, our posts will hold back detailed information that would be realized once a funding source has indicated an interest in a particular deal.