$39,000,000
Loan Amount
1st
Loan Position
Bridge
Loan Type
67%
Loan-to-Value
12 Months
Term
COL Capital Partners is pleased to announce the closing of a $39,000,000 1st mortgage on a newly constructed, purpose-built rental complex.
This brand-new building, in the heart of the vibrant Hintonburg community of Ottawa, offers 137 all-inclusive suites and is just minutes away from restaurants, recreational amenities, and Tunney’s Pasture LRT Station providing access to the central business district.
COL Capital Partners Inc. provided a 2-tranche tailored debt solution to bridge the property to stabilization, prior to submission of a CMHC MLI Select application.
This brand-new building, in the heart of the vibrant Hintonburg community of Ottawa, offers 137 all-inclusive suites and is just minutes away from restaurants, recreational amenities, and Tunney’s Pasture LRT Station providing access to the central business district.
COL Capital Partners Inc. provided a 2-tranche tailored debt solution to bridge the property to stabilization, prior to submission of a CMHC MLI Select application.