Term Loan, Surrey, BC                                                   $15,000,000                                                            Funded: June, 2021
Citifund is pleased to have arranged the $15,000,000 ten-year fixed rate term loan (at 2.90%) on the new Structube warehouse. The borrower was nearing completion on their new warehouse and did not want to wait for tenant occupancy to fix rate. As the bond market gyrated, Citifund worked with their lender to secure a 3.5 month forward rate fix with no hedging costs.