Citifund is pleased to have arranged the CMHC take-out financing on the first Passive House rental apartment in the City of Vancouver. Spire Development continues to be a leader in the industry and Citifund appreciates the long relationship.
The $36,115,000 10-year fixed rate term loan (at 2.66%) represents 95% of cost and was structured to allow the client to fix the interest rate three months prior to occupancy permits being available and to fund the loan with no lease up requirement.