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.
Foundry Mortgage Capital is proud to announce the successful closing of $1,846,000 in bridge acquisition and construction financing at a 7.2% interest rate for a mixed-use building consisting of retail and residential units in Collingwood, Ontario. The financing, secured through an institutional lender, enabled our client to acquire the asset and improve it to its highest and best use.
A special congratulations to Murray Wood and Akshay Gupta for going above and beyond to secure this financing during the holiday season. By timing the funding date to coincide with the December rate cut, they ensured maximum benefit for our client.
Thank you to our client for placing your trust in Foundry Mortgage Capital for your refinancing needs. If you're exploring financing options for your mixed-use projects, contact one of our team members today.
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