Canada Mortgage and Housing Corporation’s $400 Million Financing
Goodmans LLP acted for Canada Mortgage and Housing Corporation (“CMHC”), in connection with CMHC’s Rental Construction Financing Initiative (“RCFi”), providing first mortgage construction financing to subsidiaries of Dream Unlimited Corp., Dream Hard Asset Alternatives Trust, Kilmer and Tricon Capital Group Inc. in the amount of $357 million to facilitate the development and construction of the Borrower’s 761 unit rental housing project located in the West Don Lands area of Toronto.
The RCFi provides low-cost loans encouraging the construction of rental housing across Canada where there is a need for additional rental supply. The RCFi mandate is to provide up to $13.75 billion in loans for the construction of at least 42,500 units and runs until 2027.
Featured Work
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Mergers and Acquisitions
Yellow Corporation Files Voluntary Chapter 11 Petitions
Goodmans LLP is acting as Canadian counsel for Yellow Corporation and its subsidiaries (collectively, the “Debtors”) in connection with their ongoing recognition proceedings (the “Recognition… -
Real Estate
Waterfront Toronto partners with Quayside Impact Limited Partnership
Goodmans LLP advised Quayside Impact Limited Partnership (“QILP”), a partnership between Dream Unlimited and Great Gulf, in connection with Waterfront Toronto’s international search for a development… -
Real Estate
Redevelopment of the “Don Sommerville” property
Goodmans LLP acts for a joint venture redeveloping a large track of land referred to as the “Don Sommerville” property at 1555-1575 Queen Street… -
Real Estate
Redevelopment of Canada Square
Goodmans continues to act on behalf of CT REIT in connection with the redevelopment of Canada Square, including negotiating key documents with stakeholders… -
Real Estate
Forum Subterra – ongoing advice
Goodmans LLP represents Forum Subterra Limited Partnership in connection with various acquisitions, developments and financings of geothermal systems serving high-rise residential condominiums in… -
Real Estate
Knightstone Group of Companies’ Student Residence Development Matters
Goodmans acts for the Knightstone Group of Companies as developer and tenant in the long-term ground leasing of real property from colleges and universities and the subsequent rezoning and development…