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Total Funding of $411 Million During 2011
January 06, 2012
Trez Capital Corporation is pleased to announce total funding of $411 million across 56 mortgages for the year ending December 31, 2011. Of this total, $99 million, across 14 mortgages, was funded during the fourth quarter. The following mortgage descriptions represent a sample of some of our transactions through the fourth quarter.
INDUSTRIAL
Location: Edmonton, AB
Rank: 1st Mortgage
Loan Amount: $7,000,000
Description: Two storey low rise industrial building comprising 53,000 square feet of net leasable area.
OFFICE
Location: North Vancouver, BC
Rank: 2nd Mortgage
Loan Amount: $5,500,000
Description: Four storey, Class A office building comprising 23 units and 45,000 square feet net rentable area.
INDUSTRIAL
Location: Burnaby, BC
Rank: 1st Mortgage
Loan Amount: $15,800,000
Description: Single storey industrial warehouse with a two storey office component comprised of 280,000 square feet total leasable area.
RESIDENTIAL
Location: Toronto, ON
Rank: 1st Mortgage
Loan Amount: $8,400,000
Description: Mortgage secured by 23 residential condominium units comprising 29,000 square feet of saleable area. These units were completed in 2011.
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