Mezzanine Loan 1

  • Student Residence

    $8.5 million - University of Waterloo

    • Student residence condo development adjacent to the University of Waterloo campus
    • Dream CMCC funded an approximately $8.5 million debt facility to finance the development and construction of the project.
    • The loan is the subordinate tranche of a 1st mortgage, which subordinates to the construction and deposit insurance facility upon construction commencement.
    • At loan funding, the development was 97.1% pre-sold.