The financing, provided by Cambridge and Counties Bank, features a 25-year term at 65% LTV.
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Jeremy Robinson, director at Aquilae Capital (pictured above), stated: "This transaction forms part of a broader restructuring of our client's borrowing arrangements, enabling them to progress several development projects.
“Despite provincial offices often facing challenges in securing financing, our team effectively demonstrated this asset's strength in its martketplace.
“Combined with CCB's expertise and understanding, we achieved a smooth transaction process."
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