$5,700,000 First Mortgage
EAST Vancouver, BC
Stoic arranged financing on a 72-unit apartment development as a bridge to CMHC takeout.
Bridge Loan – Rental Apartment Development
Financing Projects
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.
Land Loan – Mixed-Use Development
$22,250,000 First Mortgage
Vancouver, BC
Stoic arranged a pre-construction land loan with a letter of credit facility for a commercial strata development – named Frameworks – located in the False Creek Flats. The project is a 200,000 sq. ft., 5-storey commercial strata building with 85 strata industrial and office units.
Construction Financing – Industrial / Flex Office
$54,600,000 First Mortgage
Richmond, BC
Stoic arranged the construction financing for a 200,000 sq. ft., multi-level industrial strata project located in Richmond, BC. The industrial development features 65 units, each with warehouse and mezzanine flex-use areas, serviced by freight and passenger elevators.
Mixed Use Development – Equity and Debt Financing
$146,000,000 Project Value
Vancouver, BC
Stoic arranged an equity and debt raise for the acquisition and construction phases of a 211,400 sq. ft., 7-storey, industrial, creative manufacturing, and office development in the False Creek Flats.