$11,700,000: Rental Apartment Building
Squamish, British Columbia
Atrium is pleased to share the successful closing of an $11.7 million bridge loan for a rental apartment building in Squamish, BC.
Our client sought a more flexible solution, our bridge financing offered them the certainty and adaptability they needed during their transition to long-term CMHC financing.
The borrower specializes in purpose-built rentals and has built a reputation for delivering high quality projects. Having completed multiple deals together, this was our first bridge loan with them, demonstrating our ability to support clients at different stages of their investment cycle.
At Atrium MIC, we continue to provide tailored lending solutions that help our clients move forward with confidence.
For more information, reach out to:
Mitchell Urzinger, CPA
Assistant Vice President, Commercial Mortgage Investments
About Atrium
Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters.
