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Trez Capital Corporation - $187 Million in Origination in 2011
July 27, 2011
Trez Capital Corporation is pleased to announce the funding of $187.0 million, across 32 new loans, for the six months ended June 30, 2011. Of this total $125.0 million, across 22 loans, was funded during the second quarter of 2011 with $62.0 million, across 10 loans, funded during the first quarter of 2011. Below is a brief description of a few of our transactions through the second quarter.
RETAIL
Location: Duncan, BC
Rank: 1st Mortgage
Loan Amount: $18,000,000
Description: A retail mall, covering nearly 20 acres, undergoing a significant expansion project.
INDUSTRIAL
Location: Edmonton, AB
Rank: 1st Mortgage
Loan Amount: $22,000,000
Description: Two recently completed, 2-storey office buildings totaling over 89,000 square feet.
OFFICE
Location: Westmount, QC
Rank: 2nd Mortgage
Loan Amount: $4,000,000
Description: A 49,812 square foot, 3-storey mixed-use retail and office building.
RESIDENTIAL / MIXED USE
Location: Winnipeg, MB
Rank: 2nd Mortgage
Loan Amount: $16,300,000
Description: Two high rise apartment towers containing 428 units, and a 7-storey office building with main floor retail.
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