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Financings

Urbanfund refinances Toronto townhouse complex

By The Northwire Desk — AI Analysis Dec 02, 2025 · 04:37 UFC · 0.85 Urbanfund Corp
UFC · Price

Executive Summary

  • Urbanfund Corp. has completed the refinancing of its Toronto-based townhouse complex located at 3080 to 3094 Don Mills Rd. and 200 Van Horne Ave.
  • The company secured a new $16.3-million mortgage from First National Financial LP to replace an existing mortgage of approximately $8.0-million.
  • The transaction includes a fixed interest rate of 3.55% for a five-year term, with surplus proceeds allocated to general corporate purposes and future growth initiatives.

Key Details

  • Property: Townhouse complex located at 3080 to 3094 Don Mills Rd. and 200 Van Horne Ave., Toronto, Ontario.
  • New Financing Amount: $16.3 million.
  • Lender: First National Financial LP.
  • Interest Rate: Fixed at 3.55%.
  • Term: Five years.
  • Existing Mortgage Repayment: Approximately $8.0 million.
  • Use of Proceeds: Full repayment of the existing mortgage, with remaining funds available for general corporate purposes and future growth initiatives as determined by the Board of Directors.

Notable Quotes

  • None provided in the release.
Read the original news release →

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