该地块位于卑詩省温高贵林区。土地贷款为总土地收购价格的50%。贷款用于收购和整合该公寓用途地块，利率为最优利率+1.10%，贷款期限24个月。由于借款人倾向低利率而不是高杠杆，因此该低成本的贷款完美符合客户预期。

Woodgrove Centre, Nanaimo, BC, $100,000,000 Term Loan, Funded October 2021. Citifund is pleased to have arranged the $100,000,000 term loan on the Woodgrove Shopping Centre. Despite pandemic uncertainty in the retail market, Citifund was able to arrange a five-year fixed-rate term loan with a long-term rate hold at 3.22% (175 basis points effective spread over the 5-year bond) in a rapidly increasing bond market.

Oceanna, Sidney, BC, $41,750,000 Term Financing. Funded September 2021. A 75% LTV term financing for the newly built, mixed-use rental development project in Sidney, BC. The 5-year rate was locked at 2.55% with a 30-year amortization. The subject financing allows the borrower to fully payout the construction loan and repatriate equity for other investment use.

The Keefer House, Vancouver, BC, $32,500,000 Construction Financing. Funded September 2021. A 74% loan to cost construction financing for the development of a mixed-use retail and furnished, short-term stay rental development in Vancouver, BC. The subject financing was arranged and funded throughout the COVID pandemic that wreaked havoc on the hospitality sector. The construction rate was Prime+1.15% with a 30-month term.

Terra Alta Apartments, Victoria, BC, $12,589,000 CMHC Refinancing. Funded September 2021. A fully levered CMHC insured loan to take out the construction loan and provide equity take out of this recently completed 50 unit rental apartment building in Langford, BC. The 5-year rate was locked at 1.96% with a 35-year amortization with market-leading CMHC value on a value per unit basis.

West Clayton Land, Surrey, BC, $10,000,000, Land Financing. Funded September 2021. Citifund arranged a 68% LTV land financing for a mixed-use development site in the West Clayton neighbourhood, Surrey, BC.

Langley Centre Condo Development Site, Langley, BC, $8,837,000 Land Financing. Funded October 2021. Citifund arranged a 60% loan-to-closing-cost land financing for the acquisition of a future development site in Langley Centre, BC, with an existing office building producing nominal holding income. Citifund was able to structure the financing at an attractive rate of the equivalent of Prime+0.60%.

800 Marine Drive, North Vancouver, BC, $8,540,000 Pre-Development/Land Loan. Funded September 2021.Citifund arranged an 80% LTC land and predevelopment loan for the purchase, rezoning and development permit application of this development lot withholding income. The 80% leverage included the purchase price, closing costs and all predevelopment costs required to obtain rezoning approval and development permit. The development will be 5 storey mixed-use strata building with ground-floor retail, 2 floors of office and 2 floors of strata condos. The first and second mortgage financing starts with a blended interest rate of 5.61% and finishes at 6.46% once the loan is fully advanced.

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.

Fern Street Apartments, Victoria, BC, $8,392,190 CMHC Acquisition Financing. Funded November 2021. A 71% loan to purchase price (85% loan to CMHC value) financing for the purchase of a 34-unit rental apartment building in Victoria, BC. The 10-year rate was locked at 2.35% with a 35-year amortization.

155 and 187 176 Street, Surrey, BC, $4,550,000 Mixed-Use Holding Property / Pre-Development. Funded September 2021. Citifund arranged a 65% LTC equity take-out loan on a mixed-use property with holding income and future development potential. The costs included the purchase price, property transfer tax and all associated costs. The interest rate is set at 3.75% for a 24-month term.

Carnarvon Street Apartments, New Westminister, BC, $3,913,350 CMHC Refinancing. Funded September 2021. An 85% loan to CMHC value for the refinancing and equity take out of this fully renovated rental apartment building in New Westminster, BC. The 10-year term rate was fixed a few days after CMHC approval allowing the Borrower to avoid increases in the bond yields.