505-533 YONGE ST
|2nd POSITION MORTGAGE:||$3,715,000|
|LOAN TO VALUE:||69.97%|
CORE facilitated a second position mortgage to purchase and provide soft cost financing for the developer of Park City, a 138 town homes and 58 condominium unit project located in Barrie, right on Yonge St, the major transportation and retail corridor for the city.
COMPLETION VALUE: $79,700,000
Completion value estimated at the time of investment.
Capital Partners Inc. (FSCO Brokerage No. 12497) Mortgage administration by Platinum Investment Group o/a CORE Mortgage Admin. Corp. (FSCO Mortgage Administration No. 12345)