$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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Land Financing – Development Holding Site
$19,750,000 First Mortgage
Vancouver, BC
Stoic arranged acquisition financing for an industrial development site in Vancouver, BC. The developer intends to re-develop the site into a two-phase, ~200,000 sq. ft. multi-level industrial / flex office project.
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.
Commercial Strata Financing – Retail
$5,500,000 First Mortgage
Richmond, BC
Stoic arranged an investment mortgage on two (2) retail strata properties to help refinance the existing mortgage, and to provide funds for investment purposes.