Completed Construction Loan In Canada

Kennedy Funding has just closed a $7,380,000 construction loan for a proposed 126 unit independent living community in Lakeshore, Ontario, Canada.  While it is not typical for KFF to provide construction loans outside of the US we saw a great opportunity to service an area that lacked senior living facilities.  The three-year interest only loan was made to 4202414 Canada Inc. an affiliate of the community’s developer.  Let me know if you have any opportunities that require bridge financing.  Thank you.

Views: 36


You need to be a member of Real Estate Finance to add comments!

Join Real Estate Finance

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service