Citifund is pleased to have arranged the $19,000,000 Hybrid Construction and Term Loan for Building 6 and 7 of Panorama Office Park in Surrey, BC. The unique structure allowed for a $7,000,000 Term Loan on the stabilized building and a $12,000,000 construction facility for the future building but on one single title. The borrower was able to lock rate on the income in place and float rate on the balance (versus having to wait until both assets were stabilized).