Virerra Village

COURTLAND AVENUE E & BLOCK LINE ROAD
KITCHENER ON

1st POSITION MORTGAGE:$13,950,000
LOAN TO VALUE:63.41%
TERM:12 months
TOTAL UNITS:334 units
DEVELOPER:Viridis Development Group

CORE facilitated a first position mortgage to refinance existing mortgages and provide additional soft costs to advance the development of the first of four high rise residential towers to be constructed. The 6.35 acre property is ideally located near the Block Line LRT station, with 1.42 acres severed to build a 27-storey mixed-use development

COMPLETION VALUE: $137,000,000
Completion value estimated at the time of investment.

Capital Partners Inc. (FSCO Brokerage No. 12497)

Virerra Village

Kitchener, ON

All INCOME SERIES opportunities are made available through Core Capital Partners Inc. (FSCO Brokerage License No. 12497) and Core Mortgage Admin Corp. (FSCO Brokerage License No. 12344 and Mortgage Administration Lic. No. 12345).

 

Urban Village Living that Combines Luxury & Sustainability

Virerra Village has been designed as a mixed-use development which will be a landmark community that thoughtfully integrates residential living amongst green scapes and an array of diverse and complementary amenities of daily living in a pedestrian friendly setting. The village will host a broad range of residential, mid-sized retail/commercial and office uses with a focus on providing users with the ability to engage in their community through social amenities and public spaces as well as offer an array of goods and services of daily life to a broad demographic.

The ease of access to the site through both the on-site transit hub and ample covered parking will readily invite surrounding residents to engage in and benefit from this community.

Total Offering: $7,500,000.00

Minimum Investment: $25,000.00

Investment Term: 12 Months

Return: 10.00%

Location: Kitchener, ON

Status: Funded

DISCLAIMER: Syndicated Mortgage Investments have inherent risks and may not be suitable to all investors and are subject to risks arising from rapidly changing market conditions. All investments in real estate are speculative. There may be or may not be a secondary market that syndicated mortgage investments may be sold. Unforeseen circumstances may develop such as delays, such as zoning or municipal approvals, project experiencing funding issues and execution risks. An investment in mortgages should not constitute a major portion of your investment. You should carefully assess the risk of mortgage investments before making a commitment to invest. All prospective investors are advised to obtain project’s due diligence package and risk disclosures statements from their licensed mortgage professionals. Licensed mortgage agents/brokers are required to close all transactions. This mortgage investment is not guaranteed by the Government of Ontario. Trustee fees may apply. Contact your mortgage agent for more details.

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