Journal | Foundry Mortgage Capital

High-Leverage Financing for Georgetown Market Place Mall

Successfully financed $59,500,000 for the purchase of Georgetown Market Place, a 339,000 sq. ft. enclosed mall in Georgetown, Ontario, featuring over 80 tenants and 95% occupancy.

Case Study

$59,500,000

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CMHC-Insured MLI Select Financing for Trenton Apartment Building

Completed a $1.49 million CMHC-Insured MLI Select financing for a 3-storey, 5-unit rental apartment building in Trenton, Ontario, achieving 95% LTV with a 50-year amortization at 4.65% interest.

Case Study

$1,490,000

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Acquisition Financing for Tim Hortons Retail Property in West Elgin

Secured $1,615,500 acquisition financing at 5.63% with a 25-year amortization for a brand-new freestanding single-tenant retail property leased to Tim Hortons in West Elgin, Ontario.

Case Study

$1,615,500

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$55 Million CMHC Insured Loan for Purpose-Built Student Housing

Arranged a $55,000,000 CMHC insured loan for 456-bed purpose-built student housing in London, Ontario, with a 10-year term at 4% interest. Also secured a $2,200,000 bridge loan to facilitate a rate buydown.

Case Study

$57,200,000

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Construction Loan for Laneway Project on St. Clair Avenue West

Arranged a $2,600,000 construction loan for a laneway project in Toronto, Ontario, creating 4 apartments and 1 laneway unit near St. Clair Avenue West.

Case Study

$2,600,000

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Term Loan Refinance for Cannabis Production Facility

Arranged a $2,656,552 term loan at 7.1% interest with a 25-year amortization for a 22,508 sq.ft. industrial building used for legal cannabis production in Bolton, Ontario, replacing a high-interest private loan and enabling an equity takeout.

Case Study

$2,656,552

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Low-Cost Refinance for Boutique Assisted Living & Memory Care Home

Successfully refinanced a $1,237,500 term loan and $50,000 operating line for a 10-bed assisted living and memory care retirement home in St. Catharines, Ontario, overcoming conventional lender size restrictions.

Case Study

$1,287,500

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Construction Loan for Laneway Project in Alderwood, Toronto

Arranged a $3,600,000 construction loan for a laneway project in Alderwood, Toronto, creating 10 units through subdivision and redevelopment of an existing property.

Case Study

$3,600,000

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$90 Million CMHC MLI Select Construction Loan for Multi-Family Development

Successfully funded a $90,000,000 CMHC MLI Select construction loan for a 211-unit multi-family development in Brantford, Ontario, building on previous land acquisition financing arranged by Foundry in 2020.

Case Study

$90,000,000

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Bridge Loan Refinancing for Multi-Unit Commercial Property

Completed $2,566,000 refinancing of a multi-unit commercial property in Hamilton, Ontario, consisting of retail and office units, consolidating high-interest debt and enabling equity takeout.

Case Study

$2,566,000

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Asset-Based Mortgage for Industrial Site in North Dumfries

Secured a $4,730,000 asset-based mortgage for a 6,435 sq.ft. industrial site featuring a 24,772 sq.ft. building in North Dumfries, Ontario, supporting corporate restructuring, site cleanup, and equity takeout.

Case Study

$4,730,000

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Second Mortgage Financing for Woodlawn Square Plaza

Arranged a $2,400,000 second mortgage for Woodlawn Square Plaza in Guelph, Ontario, featuring retail and government tenants, to fund property upgrades.

Case Study

$2,400,000

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Successful CMHC MLI Select Refinance & Bridge Financing

Structured a financing plan involving $8,500,000 bridge financing and $11,175,000 CMHC MLI Select mortgage for a renovated property, achieving 92% LTV and 50-year amortization with equity repatriation of $2,675,000.

Case Study

$19,675,000

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Industrial Land Portfolio Refinance in Waterloo Region

Completed a complex refinancing of an industrial land portfolio in Waterloo, Ontario, replacing restrictive debt structures and enabling the client to pursue their core business plan.

Case Study

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Successful Funding of Two CMHC MLI Select Construction Loans

Funded two CMHC MLI Select construction loans totaling $17,000,000 and $14,700,000 in British Columbia, achieving 95% Loan-to-Cost (LTC) with two different lenders.

Case Study

$17,000,000

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Bridge Acquisition & Construction Financing for Mixed-Use Building

Closed $1,846,000 in bridge acquisition and construction financing at 7.2% interest for a retail and residential mixed-use building in Collingwood, Ontario, optimizing value through strategic timing and improvements.

Case Study

$1,846,000

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Strategic Construction Financing for Indoor Go-Kart Venue

Completed $2,840,000 construction financing and a $400,000 operating line of credit for a world-class indoor go-kart racing and entertainment venue in St. Catharines, Ontario.

Case Study

$2,840,000

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CMHC-Insured Refinance of Rental Housing

Refinanced a ~$1,500,000 CMHC-Insured MLI Standard Rental Housing loan for an 8-unit apartment building in Woodstock, Ontario, optimizing cash flow and supporting future investments.

Case Study

$1,500,000

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How Foundry turned a $350K investment into a $6.5M asset

We have developed a unique structure to minimize the amount of cash equity required from investors in order to maximize your return on equity.

Case Study

06.14.22

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Thank you to all our existing clients!

Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award.

NEWS

06.07.22

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How I got my phone ringing off the hook...

Brennan Wood, a partner at Foundry Mortgage Capital, says he noticed the phone ringing non-stop after winning a Canadian Mortgage Award.

AWARDS

01.20.18

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Toronto Real Estate Rumble is in two weeks!

Toronto Real Estate Rumble is about fun, fitness, and fund-raising; based on a proven, successful model.

CHARITY

11.07.17

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Eye On: Windsor

Not long ago, Windsor had the highest vacancy rate in Multi-Unit rental properties in the entire country, reach as high as 15% according to CMHC.

INSIGHTS

04.23.17

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The Foundry Approach

Our business focuses on the lending and capital economics together with development strategies on behalf of our borrower / development clients.

INSIGHTS

03.19.17

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CMA Best Commercial Mortgage Broker of the Year

Foundry Mortgage Capital’s Brennan Wood won Commercial Mortgage Broker of the Year at the Canadian Mortgage Awards 2016.

AWARDS

07.13.16

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Cover Story: CMP Top Commercial Broker

Brennan Wood is interviewed by CMP Magazine for the Top Commercial Brokers issue.

AWARDS

01.08.16

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Securing a Mortgage: The 5 C's of Credit

To most Canadians, buying a property is a daunting task in itself. But what about securing a mortgage? What factors are taken into consideration by lenders and underwriters that can make or break the loan?

INSIGHTS

10.14.15

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