Recent Transactions

Canada

A blanket first mortgage loan used for the acquisition and improvement of a 759-suite portfolio of 11 multi-residential buildings located in prime downtown Saskatoon and Regina locations, in close proximity to schools, transit and retail amenities. Property improvements include; exterior upgrades, modernization of lobbies and hallways and some in-suite enhancements.

Helix2
Location Saskatoon & Regina, SK
Asset Type Multi-residential
Amount $45.6M
Position First
Term 24 Months

Canada

A first mortgage loan used to bridge financing during the lease-up period for the retail units within the property, secured by 20 fully leased, income-generating, high-end residential rental units, with a Starbucks-anchored retail component. This newly constructed residential/retail complex is located in a mature Vancouver neighbourhood characterized by a mix of commercial, industrial, single-family and multifamily residential stock, with rich ethnic features. 

la boheme
Location Vancouver, BC 
Asset Type Mixed-Use
Amount $6.0M
Position First
Term 18 Months

United Kingdom

A first mortgage loan secured by a 53,062 square foot retail property located 50 km south of London to facilitate lease-up. The property consists of two interconnect retail terraces with a second storey ancillary storage and office components. The property is being purchased by an experienced UK-based real estate asset manager, who will seek to secure long-term leases with the existing tenants and divest the property.

Dali2
Location Crawley, U.K.
Asset Type Retail
Amount £ 8.8M
Position First
Term 36 Months

United States

A mezzanine loan to assist with the acquisition of a 176-unit garden-style property in conjunction with first mortgage financing and borrower equity. The property is located less than three miles from University Research Park and less than two miles from the University of North Carolina. The property is a newly built asset that will require very little capital expenditure in the near term.

Belle Haven
Location Charlotte, NC
Asset Type Multi-residential
Amount USD $4.9M
Position Mezzanine
Term 36 Months