Portfolio
250 Sidney Street
SUBJECT PROPERTY: 250 Sidney Street, Belleville, ON, K8P 3Z3
SUBJECT PROPERTY VALUE: $8,500,000
SUBJECT PROPERTY DESCRIPTION: 300,000 Square Foot Commercial/Industrial Building
MORTGAGE AMOUNT: $1,250,000 First Mortgage
INTEREST RATE: 8.50%
MATURITY DATE: May 1st, 2023
BORROWER: 2589989 Ontario Inc.
OUR POSITION: $300,000 portion of the First Mortgage
OUR LOAN-TO-VALUE CALCULATION: 14.71%
400 Garden Avenue
SUBJECT PROPERTY: 400 Garden Avenue, Brantford, ON, N3T 5M1
SUBJECT PROPERTY VALUE: $3,500,000
SUBJECT PROPERTY DESCRIPTION: 5.6 Acres of Vacant Industrial Land
MORTGAGE AMOUNT: $2,000,000 First Mortgage ($1,600,000 Class A + $400,000 Class B)
INTEREST RATE: 8.25%
MATURITY DATE: May 31st, 2022
BORROWER: 2277677 Ontario Corp.
OUR POSITION: $1,000,000 portion of the First Mortgage (Class A ONLY)
OUR LOAN-TO-VALUE CALCULATION: 45.71%