Construction Loan, Colwood, BC                            $18,850,000                                      Funded: May, 2021
An 85% loan to cost construction financing for Seaspan’s new office and warehouse facility in Colwood, BC. The developer is a joint venture between two market leaders, Omicron Development Inc. and Lotus Capital Corporation. The quality sponsors and quality tenant allowed for strong leverage and variable rate pricing under 3.0%.