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.