COURTLAND AVENUE E & BLOCK LINE ROAD
KITCHENER ON
1st POSITION MORTGAGE: | $13,950,000 |
LOAN TO VALUE: | 63.41% |
TERM: | 12 months |
TOTAL UNITS: | 334 units |
DEVELOPER: | Viridis Development Group |
CORE facilitated a first position mortgage to refinance existing mortgages and provide additional soft costs to advance the development of the first of four high rise residential towers to be constructed. The 6.35 acre property is ideally located near the Block Line LRT station, with 1.42 acres severed to build a 27-storey mixed-use development
COMPLETION VALUE: $137,000,000
Completion value estimated at the time of investment.
Capital Partners Inc. (FSCO Brokerage No. 12497)