Masonry is a low-rise development in Burlington with all zoning approvals in place. ADI Development Group will bring its fresh, urban design approach to this project, which will appeal to young families looking for stylish and affordable housing that offers a variety of options and routes for commuting to work.
This 13 acre development in West Burlington is located in an area that calls for hyper intensification by the City of Burlington, and is currently zoned for residential development.
The proposed plan for a phased 500 unit development that calls for a mix of freehold, back-to-back and stacked townhouses, each designed in a contemporary aesthetic.
Located directly across the Aldershot GO station and just minutes from HWY 403, this project has a prime location for commuting into Hamilton and downtown Toronto.
ADI Development Group has experienced tremendous success at the Mod’rn and LINK condominium projects. Their strong understanding of the Burlington market combined with 4 decades of experience are great assets for this development.
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, Burlington Market Assessment