Lender: Chartered bank
Primary goals achieved: Additional Leverage, Lower Costs
Success story
Lakepoint secures CMHC-insured construction financing for seven storey purpose-built rental project
More success stories
All success stories
$16,217,568Lakepoint secures $16.2 million of CMHC-insured construction financing at prime minus 25 basis pointsAdditional leverageLower costs
$5,145,000$31,500+ in annual savings and four lending relationships consolidated into one for an Okanagan tire groupAdditional leverageLower costsGreater flexibility
$1,441,500Lakepoint secures 85% LTV for an Okanagan HVAC contractor buying its own shopLower costs