The Dunbury Group on Queen West
Private funding sweetens the deal
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In 2010, the Dunbury Group completed a complete teardown and stunning reconstruction of run-down buildings at 477 Queen Street West in Toronto’s downtown core.
The challenge?
- With just 70% of the space leased, Dunbury wanted a loan to take out the construction lender and bridge the gap until the building was full.
The result.
-
We put together all financing required to repay the construction loan and provide an equity takeout.
And because the loan included $1MM of private equity, we could lower our rates as the occupancy increased.
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