Construction Financing – Industrial / Flex Office
$54,600,000 Construction Mortgage
Stoic Capital arranged the construction financing for a 200,000 sq. ft., multi-level industrial and office strata development project in Richmond, BC.
The development features 65 strata units, with warehouse and mezzanine areas, serviced by passenger elevators and heavy freight elevators.
Income Property Financing – Industrial
$7,200,000 Acquisition Mortgage
Stoic arranged term financing for a multi-tenanted industrial building in Burnaby, BC. The building was 90% occupied at the time of purchase.
The financing was completed during the COVID-19 pandemic, when many lenders had ceased or significantly reduced lending activity.
Land Financing – Site Assembly for Rental Apartment Development
$5,600,000 Acquisition Financing
Stoic Capital arranged the acquisition financing for a 4-lot site assembly for a proposed 72-unit rental apartment project.
The development site was financed without rezoning or development permit in place.
Land Financing – Development Holding Site
$19,750,000 First Mortgage
Stoic Capital arranged acquisition financing for an industrial development site in Vancouver, BC.
The developer intends to re-develop the site into a two-phase, ~200,000 sq. ft. multi-level industrial / flex office project.
#100 – 88 W 8th Ave,
Vancouver, BC, V5Y 1M7
*Stoic Capital Ltd and Stoic Financial Ltd are licensed mortgage brokers under BCFSA