Future Purpose-Built Rental Development Site, Vancouver, BC, $8,425,000 Land Financing. Funded November 2021. A 70% LTC land financing for the purchase of a 4-lot land assembly in Vancouver East. The rate was set at Prime+1.70% with a 24-month term allowing the Borrower to close on the purchase with a tight timeline and allow time to get through the rezoning/permitting application process for a purpose-built rental project.