See below for some recent examples of our work in commercial financing in this area.
In addition to more typical projects, Citifund has also brokered commercial financing for land acquisition, inventories, commercial strata, leasehold ownerships, hotels and recreational properties.
A 50% loan to value land financing secured by 6 assembled land parcels in Surrey, BC. The development will consist of two 5-storey market condo buildings. This financing allowed the borrower to pay off a first and second mortgage while lowering the carrying costs as the project progresses through the rezoning and development permit applications for the site.
$32,500,000 Term financing recently funded on the Rosewood Hotel Georgia in Vancouver. The legendary boutique hotel, unveiled July 2011 as Rosewood Hotel Georgia, now features 156 guest accommodations, Sense, A Rosewood Spa® and signature fine dining restaurant by renowned Chef David Hawksworth. 2012 Honors: Condé Nast Traveler's Hot List; AAA Four-Diamond Award; TripAdvisor Certificate of Excellence