Estates of Nobleton is a new project focused on luxurious suburban living in Nobleton, Ontario. The project is planned for 150 single detached homes, each approximately 3500 sq ft. 34 acres which will be developed providing each of these luxurious homes with enough space to enjoy the natrual beauty surrounding them.
Once rezoning has been achieved, services will be brought to the site before starting construction. The property is adjacent to the King Country Estates development from builders Aspen Ridge and Rosehaven homes and a couple of minutes north of a development by Tribute Communities.
Terms at a Glance
60 month term, 8% interest earned annually, interest to be paid quarterly, 16% potential deferred lender fee upon completion of the project.
Use of Proceeds
The purposes of the monies raised via this syndicated mortgage is to assist in addressing various funding requirements related to all elements of the project’s progress, especially prior to the commencement of construction. These requirements include, however are not limited to: Initial soft costs for planning & marketing expenses.
Available Supporting Documentation
Proforma, Appraisal, APS Documents, Title searches, Draft Charge, Nobleton Market Assessment