CORE Capital Partners Inc. (FSRA Brokerage 12497) and CORE Mortgage Admin Corp. (FSRA Mortgage Administration License 12345, Mortgage Brokerage 12344) are pleased to announce the successful exit of all its mortgage investors — amounting to $5,000,000 — from the Glendor Towns project by DVLP. Each investor received their principal and interest, as well as all their contractual bonuses.
Glendor Towns development is at Plains Rd E & Brant St in the heart of Burlington, and — thanks in part to our investors — preconstruction homes are already 90% sold. The project plan is for 34 units and homebuyers will benefit with transit access right out their door, the QEW just minutes away, Fairview GO Station in close proximity and the Lakefront and major shopping centres just minutes from home.
DVLP will be submitting an application for site plan approval shortly to advance the project and have obtained mezzanine and construction financing from a private equity financing company based in Toronto. CORE and its investors were instrumental in financing the acquisition and soft costs for the project.
CORE wishes all the best to DVLP and the Glendor Towns project.