$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.
Income Property Financing – Industrial
$7,200,000 First Mortgage
Burnaby, BC
Stoic arranged term financing for a multi-tenanted industrial building in Burnaby, BC. The building was 90% occupied. The financing was completed during the COVID-19 pandemic, when many lenders had ceased or significantly reduced lending activity.