$10,530,000 in acquisition and construction financing for this 54-unit rental apartment building located near the New Westminster core. The 75% of total project cost loan allows the borrower the flexibility to purchase and then fully renovate the building on a floor by floor basis before converting to a term loan.

An 80% of cost, with land at appraised value, construction loan for this Class A three storey strata office building in Langley. The loan structure allowed the borrower to limit their cash equity and start construction with a reasonable pre-sale test

$13,018,336 CMHC term financing for the refinance and equity take out of this recently completed mixed-use rental apartment building on Kingsway in Vancouver East. The loan will be advanced in 2 stages, tranche one when the residential units are leased and tranche two when the commercial space is leased. The first advance of the loan allowed the borrower to pay off the existing construction costs and the second advance allowed the equity take-out. The 75% loan to CMHC value is a 10-year term at 3.05%.

85% loan-to-cost acquisition financing for a high-rise development site in the Brentwood Town Centre area of Burnaby, BC. The site was placed under contract during a period in which land values had appreciated considerably. Citifund arranged financing with a lender that could recognize appraisal surplus, resulting in a lower cash requirement for the borrower.

An 84% of cost construction loan for a four-storey mixed use building in the Kerrisdale neighbourhood of Vancouver’s Westside. The building comprises retail on the ground level and high-end market condominiums above. The financing arrangement allowed the borrower to realize appraisal surplus in the land and purchaser deposits throughout the term of construction.

Citifund Capital is pleased to have arranged a $62,000,000 interest only bridge financing secured by this 16-storey mixed-use building on the corner of W 12th Avenue and Cambie Street. The historic building’s apartments have been upgraded to condo quality finishing and are in the lease up stage. Additionally, the borrower is constructing another 18 units on the 2nd floor. Citifund Capital is proud to have structured this dynamic financing at 62% loan to value.

$1,200,000 inventory loan on behalf of our client in Kelowna, BC.

$4,400,000 the land financing for the to-be-built 130 unit “Elliot” project was arranged at 65% loan to cost.

$4,500,000 acquisition loan allowed our client to purchase this remote, 52-unit resort in Tofino, BC.

$6,700,000 A 2 year term, interest only acquisition loan was arranged for this income producing, mixed use property (including an affordable housing component) at Main & Cordova Streets in the Downtown Eastside Oppenheimer District.

$10,500,000 Construction bridge financing arranged on this 112-room “Four Points” by Sheraton flagged hotel.

$21,000,000 in land acquisition financing.