Northwire Canada EditionTuesday, August 25, 2026
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Financings

Urbanfund Corp. Announces Refinancing of Toronto Residential Property

By The Northwire Desk — AI Analysis Dec 01, 2025 · 17:00 UFC · 0.85 Urbanfund Corp.
UFC · Price

Executive Summary

  • Urbanfund Corp. completed a $16.3 million mortgage refinancing with First National Financial LP at a fixed 3.55% interest rate for five years.
  • The proceeds fully repaid an existing $8.0 million mortgage and left excess funds for general corporate purposes and future growth initiatives.
  • The financing strengthens the company’s balance sheet and provides liquidity to support its real‑estate portfolio expansion.

Key Details

  • New mortgage amount: $16.3 million.
  • Lender: First National Financial LP.
  • Interest rate: fixed 3.55%.
  • Term: 5 years.
  • Use of proceeds:
  • Repayment of existing mortgage – approximately $8.0 million.
  • Remaining funds allocated to general corporate purposes and future growth initiatives as directed by the board.
  • Property financed: townhouse complex at 3080‑3094 Don Mills Road and 200 Van Horne Avenue, Toronto.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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