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.
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.
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.
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.