$1,000,000
Loan Amount
2nd
Loan Position
Bridge
Loan Type
81%
Loan-to-Value
12 Months
Term
COL Capital Partners Inc. is pleased to announce the funding of a $1,000,000 second mortgage, secured by a 42-unit newly constructed multi-residential building. The loan is subordinate to an amortizing CMHC mortgage.
The property offers strong rental growth potential and is supported by vertically integrated property management. Our flexible bridge solution provided a quick turnaround and immediate liquidity, enabling our Borrower to execute on a nearby real estate project while continuing to add best-in-class residential density to the region.