$16,500,000 GTA

Lesser and Associates structured a $16,500,000 10-year term loan on this 145,000 square foot theatre anchored retail development. The loan, which was to assist in the refinancing of the subject property, was structured with a six month forward fix to match the existing mortgage maturity. Features of the loan included:

  • non-recourse
  • permit secondary financing
  • attractive rate and forward fix

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