The Kaitlin Group – Newcastle
Keeping pace with a visionary developer
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Bowmanville’s stunning Port of Newcastle project is Cameron Stephens’ fifth financing deal with the Kaitlin Group. Here’s how we helped this visionary developer keep their project on schedule:
- $2.4MM, 5-year takeout mortgage on the Admiral’s Walk Clubhouse.
- $800,000 mezz loan behind a $7.1 million construction loan on their 36-townhouse Reserve Collection. LTV: 85% and LC: 93%.
- $1MM mezz loan behind a $8.1MM primary loan on the Marina Village Collection – two 36-unit buildings.
- A land loan on undeveloped property west of the Newcastle, which Kaitlin plans to develop in the future.
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Latest Comments
Steve Cameron Feb 6, 2012
Thanks for the comments, Glad you have enjoyed the videos!
Steve Cameron Feb 6, 2012
Thanks for the comments, Glad you have enjoyed the videos!
Steven Sager Feb 6, 2012
Nice Video
Normand Haas Feb 3, 2012
Nice project Scott...Kathlin is a great builder and your alliance makes for a formidable team. All the Best with your continued success in 2012. Normand Haas, President & CEO, IBMG Canada Inc.
scott cameron Feb 2, 2012
Thanks for sending your comments on the video and our new site. .Stay tuned for the next instalment of Deal Talk coming next week!
Rick Lane Feb 2, 2012
Hi Scott,
Nice video. Puts you, Kaitlin and the project in a very good light. I happened to be at the site this past weekend- it is very attractive..
Regards,
Rick
steve Jan 30, 2012
Great Video!
