Citifund

Construction Loan, Surrey, BC                                  $29,000,000                                Funded: June 2021

Citifund is pleased to have arranged the $29,000,000 construction loan for “Hendrix” on 108^th Avenue in Surrey. The loan represents 85% loan to cost with land at appraised value. The loan includes a modest pre-sale test and the pricing with deposit insurance is approximately 3.50%.