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.
Foundry Mortgage Capital successfully arranged a $3,600,000 construction loan for a laneway project. The property is located in the Alderwood neighbourhood of Toronto, well connected to the QEW. The existing property will be demolished and subdivided into two lots. Upon completion, the property will have 4 apartments in each main building and 2 laneway units for a total of 10 units.
Our team has a long term relationship with the borrowers who are actively involved in laneway projects. This is their second laneway project funded in the last two months. Dinesh Achria led this transaction.
To learn more about this project and our experience in financing purpose-built housing, please feel free to contact any of our team members.
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