$11,550,000 First Mortgage
VANCOUVER, BC
Stoic arranged a CMHC-insured term loan for a 23-unit, purpose-built rental building in the West End neighbourhood of Vancouver, B.C.
CMHC Insured Term Loan – Multifamily
Financing Projects
Construction and Term Loan – Mixed Use
$76,385,000 First Mortgage
EAST VANCOUVER, BC
Stoic arranged a 90%+ LTC CMHC-insured construction and term loan for a mixed-use, 133-unit purpose-built rental project with commercial retail, restaurant, and industrial space in the False Creek Flats. The financing was conceived mid-construction, to replace the existing construction debt with lower-cost and higher-leverage insured financing.
Acquisition Financing – Rental Apartment
$3,000,000 First Mortgage
EAST Vancouver, BC
Stoic arranged CMHC financing for the acquisition of a 12-unit apartment building.
Bridge Loan – Rental Apartment Development
$5,700,000 First Mortgage
EAST Vancouver, BC
Stoic arranged financing on a 72-unit apartment development as a bridge to CMHC takeout.
Residential Financing – Single Family Residence
$2,325,000 First Mortgage
BURNABY, BC
Stoic arranged the purchase financing of a single family residence in Burnaby, B.C.
Land Financing – Rental Apartment Development
$5,600,000 First Mortgage
EAST Vancouver, BC
Stoic arranged the acquisition financing for a 4-lot site assembly for a future 72-unit rental apartment project in Vancouver, BC. The developer had acquired the development site without rezoning or development permit in place.
Commercial Strata Financing – Office
$1,300,000 First Mortgage
Richmond, BC
Stoic arranged a term loan for an office strata unit, along with a business revolving loan for a business owner.
Strata Unit Financing – Industrial
$1,600,000 First Mortgage
Surrey, BC
Stoic arranged the purchase financing for an industrial unit located in Surrey, B.C. We also helped the business owner arrange a operating line of credit to provide their business access to working capital.
Strata Unit Financing – Industrial
$1,842,000 First Mortgage
Richmond, BC
Stoic arranged the purchase financing for an industrial unit in a newly completed development known as Benchmark, an industrial strata complex located in Richmond, B.C.
Strata Unit Financing – Commercial Office
$5,400,000 First & Second Mortgages
Richmond, BC
Stoic arranged the purchase financing for a brand new, for-lease strata office unit in a mixed-use building located in Richmond, B.C. We helped the borrower lower their overall cost of borrowing by combining a lower-cost senior mortgage with a junior mortgage.