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 – Purpose-Built Rental Building

$44,000,000 First Mortgage

Langley, BC

Stoic arranged a bridge loan with a CMHC term loan option for a 92-unit rental apartment building.