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
Classic Fire + Life Safety expands in Western Canada
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Mergers and Acquisitions
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Energy
Brantford Power merges with Energy+ to form GrandBridge Energy
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Mergers and Acquisitions
WestJet Group to Acquire Sunwing Vacations and Sunwing Airlines
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Banking and Financial Services
Oxford and CPPIB Joint Sale of Royal Bank Plaza
Goodmans LLP acted for Oxford and CPPIB in connection with their joint sale of Royal Bank Plaza, an iconic, two-tower office plaza in the heart of downtown Toronto, to a Spanish investment firm… -
Real Estate
H&R REIT Sales of Bow Office Tower and Bell Mobility Office Campus
Goodmans represented H&R REIT in connection with: a sale to affiliates of Oak Street Real Estate Capital ("Oak Street") of 100% of the freehold interest and a 40% leasehold interest in the…