Secured a $4,730,000 asset-based mortgage for a 6,435 sq.ft. industrial site featuring a 24,772 sq.ft. building in North Dumfries, Ontario, supporting corporate restructuring, site cleanup, and equity takeout.
Foundry Mortgage Capital is pleased to announce the successful financing of a $4,730,000 asset-based mortgage for a 6,435 sq.ft. industrial site, featuring a 24,772 sq.ft. freestanding industrial building in North Dumfries, Ontario.
The financing facilitated the restructuring of the borrower’s related company, posting of a cash-secured surety bond, funding for site cleanup, and an equity takeout for working capital, along with an interest reserve.
Congratulations to Josh Thiessen and Akshay Gupta for their collaboration in securing this tailored financing solution. Thank you to our client for entrusting Foundry Mortgage Capital with your financing requirements.
For more information on asset-based lending for your projects, connect with our team today.
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