Projects
Project Details
- Investor bought building for $2,000,000
- Financed 85% of the purchase price ($1,700,000)
- Financed 100% of the construction costs ($1,500,000)
- Financed 100% of the interest costs ($300,000)
- Borrower did not have to make monthly mortgage payments
- Borrower only needed to inject $350,000 of their own cash
- Borrower needed a $50,000 float during construction for incidental costs
Land Loan / Pre-Development Loan (Ontario)
Project Details
- Existing land loan was in default
- Site consisted of 12 phases, only partially rezoned
- Refinanced existing debt
- Provided working capital to complete zoning and start servicing
- Developer had sufficient capital to service and sell lots to builders
Owner-Occupied Industrial (Ontario)
Project Details
- Schedule A bank called their loan, business had declined significantly
- Put bridge loan in place for 12 months so business revenue could improve
- Refinanced bridge loan with a bank loan to provide excess capital to expand
Multi-Family Purchase + Improve (Ontario)
Project Details
- Borrowers recapture capital before completing construction to buy another building
- Refinanced out owners’ equity before completion with interest-only loan
- Made a direct submission to CMHC for term debt
High Ratio Condo Construction Loan
Project Details
- Developer’s first high-rise condo construction project
- Limited financial resources
- Structured and sourced first mortgage syndicated bank loan and 3 sub-debt facilities
- Allowed borrower to build $90,000,000 project with $2,000,000 of cash equity
Gas Station Construction Portfolio
Project Details
- Borrower had sites across Canada for gas station construction
- Required 100% financing for construction
- Structured and sourced a lender willing to provide 100% construction financing
- Revolving line of credit $20,000,000
Hotel Portfolio
Project Details
- Under-performing hotel portfolio
- 60% loan-to-value, 25 year amortization
- +funds to rebrand and refurbish
- Total loan facility $18,000,000
Retail Construction Loan
Project Details
- 75% loan-to-cost
- Borrower’s first development
- Helped borrower achieve funding at bank rates
- Funded loan 45 days from issuance of term sheet
- Total construction facility $16,500,000
Condo Construction
Project Details
- Negotiated A/B structured loan
- 94% loan-to-cost
- Allowed borrower to use equity in another development project
- Total construction facility $16,000,000
Affordable Housing Construction
Project Details
- Church conversion project in B market
- Borrower had limited assets
- Used other assets and takeout assurance from CMHC to negotiate 100% loan-to-cost (including land acquisition)
- Total construction facility $3,050,000
Retirement Home Financing
Project Details
- Funded 95% of share purchase
- Funded loan 21 days from issuance of term sheet at bank rates
- One year later, negotiated loan increase at the existing interest rate, with current lender, to facilitate construction of 25 more beds
- Total loan facility $3,500,000