Portfolio
250 Sidney Street
SUBJECT PROPERTY: 250 Sidney Street, Belleville, ON, K8P 3Z3
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SUBJECT PROPERTY VALUE: $8,500,000
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SUBJECT PROPERTY DESCRIPTION: 300,000 Square Foot Commercial/Industrial Building
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MORTGAGE AMOUNT: $1,250,000 First Mortgage
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INTEREST RATE: 8.50%
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BORROWER: 2589989 Ontario Inc.
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OUR POSITION: $300,000 portion of the First Mortgage
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OUR LOAN-TO-VALUE CALCULATION: 14.71%
400 Garden Avenue
SUBJECT PROPERTY: 400 Garden Avenue, Brantford, ON, N3T 5M1
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SUBJECT PROPERTY VALUE: $3,500,000
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SUBJECT PROPERTY DESCRIPTION: 5.6 Acres of Vacant Industrial Land
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MORTGAGE AMOUNT: $2,000,000 First Mortgage ($1,600,000 Class A + $400,000 Class B)
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INTEREST RATE: 8.25%
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BORROWER: 2277677 Ontario Corp.
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OUR POSITION: $1,000,000 portion of the First Mortgage (Class A ONLY)
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OUR LOAN-TO-VALUE CALCULATION: 45.71%
520 Highway 8
SUBJECT PROPERTY: 520 Highway 8, Stoney Creek, ON, L8G 1G6
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SUBJECT PROPERTY VALUE: $2,800,000
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SUBJECT PROPERTY DESCRIPTION: 0.79 Acre Lot with a Retail/Office Building
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MORTGAGE AMOUNT: $1,950,000 First Mortgage ($1,400,000 Class A + $550,000 Class B)
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INTEREST RATE: 10.20%
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BORROWER: One Way Path at Dewitt Road LP by its General Partner, One Way Path at Dewitt Road GP Inc.
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OUR POSITION: $100,000 portion of the First Mortgage
(Class A ONLY)
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OUR LOAN-TO-VALUE CALCULATION: 50.00%
