The Fund originated and advanced a first-ranking mortgage secured by two residential properties at 3307 & 3313 Ellesmere Road, Toronto (M1C 1G9), with the sponsor's business plan to reposition/develop the assets into high-end student housing serving the nearby university population. The location-close to the University of Toronto Scarborough campus and key transportation links-supports strong rental demand fundamentals and practical exit optionality.
The borrower was 1001184476 Ontario Inc., supported by joint-and-several, unconditional personal guarantee(s) to strengthen execution discipline.
The Fund implemented a structured risk-control package including (i) first-priority registered security on title, (ii) assignment of insurance proceeds and other customary security documents, (iii) lender- approved third-party appraisal, inspection, and title insurance as conditions precedent to closing, and (iv) negative covenants restricting refinancing, transfer, or change of use during the term-ensuring enforceability, priority, and a clear downside-pathway.

We have assessed and helped advance a large-scale residential redevelopment land project in Markham, Ontario (9999 Markham Road), comprising approximately 31.76 acres near the intersection of Markham Road and Major Mackenzie Drive East, with a phased development plan: Phase 1 has secured approvals for 154 townhomes, 260 mid-rise condominium units, and a public park, while Phase 2 is progressing through planning for multiple 8-25 storey mixed-use buildings totaling approximately 1,984,144 sq ft of gross floor area. Based on the project's valuation work and phased execution strategy, we structured a conservative mortgage framework supported by standard lender protections, including a legal Title Opinion, an Intercreditor Agreement, and borrower financial disclosure covenants, to ensure practical risk control and a clear exit path.

The Fund conducted due diligence and advanced a transaction for the property located at 4440 Steeles Avenue East, Markham, Ontario. The financing was structured around first-ranking mortgage security, with the
borrower 2607549 Ontario Inc. and an unconditional personal guarantee, secured by the property's fee simpleinterest on a site of approximately 2.14 acres (about 93,321 sq ft).
From a risk-management standpoint, the Fund implemented a comprehensive pre-closing framework consistent with the commitment conditions, including review of an appraisal, insurance arrangements, title searches/title insurance, confirmation of property taxes and utilities being up to date, and completion of corporate authorization deliverables, together with inspection and delivery of required security documents.
The Fund's internal diligence further emphasized key execution risks-planning/approval pathway, disposition liquidity/timeline, and environmental legacy risk-and required a Phase I environmental site assessment (and Phase II if warranted), with additional mitigants such as insurance/holdback structures where applicable, to maintain a practical and enforceable first-lien credit profile.

The Fund assessed and helped advance a residential redevelopment project located in North York, Toronto (33-43 Centre Avenue) within the Newtonbreak neighbourhood. The site comprises five single-detached homes assembled across five lots totaling approximately 1.612 acres, situated on the south side of Centre Avenue roughly 225 metres east of Yonge Street, in an area characterized primarily by low-rise residential uses with convenient TTC transit access and proximity to subway service. From a planning perspective, the project is expected to receive imminent final approval for a site-specific Official Plan Amendment and Zoning By-Law Amendment following an Ontario Land Tribunal order, permitting up to 169 residential units; because the original Site Plan Control application was submitted before the City's inclusionary zoning deadline, the development is expected to be exempt from affordable housing requirements. The proposed concept is a low-rise, multi- residential condominium development comprising multiple 4-storey blocks (stacked townhouses and condominium units) with a total gross floor area of approximately 137,218 sq ft, supported by a structured parking program including resident, visitor, and bicycle spaces.

This project is a dual-industry property portfolio financing project. The mortgaged assets are all located in the mature industrial area of Scarborough, Toronto, and cover uses including warehousing, light industry, and logistics, possessing stable operating attributes and long-term asset value.
The fund provides phased liquidity support to enterprises through a structured second-priority mortgage loan, under strict risk control, for business turnover and asset structure optimization. The project as a whole possesses:
Prime Location: Core industrial corridor, strong asset liquidity
Dual-Property Portfolio Mortgage: Effectively diversifies the risk of single assets
First Mortgage by Bank: Forms a clear debt priority structure
Complete Legal Loop: Multiple guarantors + Full Set of Legal Documents