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Trez Capital Corporation - Year to Date Funding Hits $313 Million Following Third Quarter
October 03, 2011
Trez Capital Corporation is pleased to announce the funding of 10 new mortgages, totaling $119.4 million, for the three months ended September 30, 2011. This brings total funding for the year to $313.2 million across 42 loans. Below is a brief description of a few of our transactions through the third quarter.
RETAIL / OFFICE
Location: Calgary, AB
Rank: 1st Mortgage
Loan Amount: $36,500,000
Description: A loan for the acquisition and development of a two-phase, ten-storey office building with ground level retail and 340,000 square feet of net leasable area.
OFFICE
Location: Windsor, ON
Rank: 1st Mortgage
Loan Amount: $26,000,000
Description: A fourteen-storey office building with attached ground level podium on a 1.79 acre site.
RESIDENTIAL
Location: Saskatoon, SK
Rank: 2nd Mortgage
Loan Amount: $16,400,000
Description: A 155 unit senior care facility comprising 104,000 square feet of net rentable area.
INDUSTRIAL
Location: Leduc County, AB
Rank: 1st Mortgage
Loan Amount: $19,000,000
Description: A loan for the development of a four bay, 123,000 square foot airplane hangar, on a 6.0 acre site.
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