Foundry Mortgage Capital’s Brennan Wood won Commercial Mortgage Broker of the Year at the Canadian Mortgage Awards 2016.
Arranged a $2,656,552 term loan at 7.1% interest with a 25-year amortization for a 22,508 sq.ft. industrial building used for legal cannabis production in Bolton, Ontario, replacing a high-interest private loan and enabling an equity takeout.
Successfully refinanced a $1,237,500 term loan and $50,000 operating line for a 10-bed assisted living and memory care retirement home in St. Catharines, Ontario, overcoming conventional lender size restrictions.
Completed a $1.49 million CMHC-Insured MLI Select financing for a 3-storey, 5-unit rental apartment building in Trenton, Ontario, achieving 95% LTV with a 50-year amortization at 4.65% interest.
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