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