Two Adjacent Purpose Built Rental Development Sites, Vancouver, BC. $76,245,000 Land Financing, funded December 22, 2021. Citifund arranged a 65% loan to appraised value land refinancing for a lot assembly in the Oakridge area of Vancouver. The interest rate was fixed at the time of funding, equivalent to Prime minus 0.20%. The financing allowed the borrower to pay out the private debt on the two sites with a tight-funding timeline. The proposed development will consist of a 10-storey rental tower on the east site and another two rental towers on the west site, totalling 514 rental units with 15,500 square feet of commercial space across both sites.