Northern Light
Superstar
Just got their foundation permit ~ 2 weeks ago. Should be just starting on that this week or next.
- Thread starter klb86
- Start date
Just got their foundation permit ~ 2 weeks ago. Should be just starting on that this week or next.
Northern Light
Superstar
They also just got their financing, as per an article over at Renx:
renx.ca
Key bit from the above:
Comment: I do not understand anyone financing anything of substance with a double-digit interest rate..........
Not the way I do things.......but sure.
That said, if you trust Nahid to get to the end...........and they seem to, usually, eventually........... that's not a bad ROI from the financier's end.
Nahid sources $95M to build Toronto condo via Finneo
Commercial real estate debt advisory firm Finneo has assembled its biggest financing deal in Canada, securing $95 million in funding for Nahid Corp. to build a 215-unit condo in Toronto's east-end Scarborough district.
renx.ca
Key bit from the above:
Comment: I do not understand anyone financing anything of substance with a double-digit interest rate..........
Not the way I do things.......but sure.
That said, if you trust Nahid to get to the end...........and they seem to, usually, eventually........... that's not a bad ROI from the financier's end.