TERM LOAN – RESIDENTIAL LAND

MARKHAM

PROJECT SUMMARY:

The developer of the subject property assembled a contiguous 7.5-acre parcel of land. He took the property through the planning process and obtained approvals for 39 townhomes and 13 detached homes. 
 
Foremost recognized the value the developer created and provided him additional funds to discharge the existing financing on the property, pay for site servicing, development charges, and service interest.
 
Foremost’s experience and flexible structure allowed funds to be advanced within weeks of the financing application. The speed helped the developer meet his obligations and move the project forward.

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