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The Rose Corporation provides mezzanine financing to real estate
developers and builders who require additional equity to secure
construction loans from banks or other institutional lenders.
Typically our financing consists of a loan and/or guarantee to the
construction lender, secured by the project but subordinated to the
senior lender(s). The Rose Corporation finances both residential and
commercial projects.When evaluating
mezzanine financing opportunities, The Rose Corporation looks for:
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Well located projects in strong markets
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Meaningful cash
equity contribution by the borrower
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Healthy profit
margins
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Experienced
developers
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Loans in the $1 to
$10 million range
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Annual returns of
approximately 30%
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Terms of 6 to 30
months
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Defined exit
strategy
For more information or to
discuss financing requirements,
please contact Tim Bankier:
Some of The Rose Corporation's mezzanine commitments have included:
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RETAIL
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| 10th
Line, Orleans |
$2.7 million to assist
with the acquisition and development of a 89,000 sq. ft.
retail plaza in Ottawa, Ontario |
| York Mills
Gardens |
$3.0 million plus loan guarantee
to assist with the site acquisition and development of an
80,000 sq. ft. retail plaza in North York, Ontario
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| 2577 Yonge
Street |
$1.0 million to assist with
the acquisition and redevelopment of storefront retail with
a second floor apartment in midtown Toronto, Ontario
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| Summit Centre |
$1.0 million to assist with
the site acquisition and development of a 49,000 sq. ft. retail
plaza in Barrie, Ontario
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| Westclair
Shopping Centre |
$3.8 million for the acquisition
and assembly of lands for a 146,000 sq. ft. retail development
in the west-end of Toronto, Ontario |
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COMMERCIAL
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| 3450 Harvester
Road |
$1.0 million to assist with
the site acquisition and development of a 160,000 sq. ft.
fully pre-leased office/industrial building in Burlington,
Ontario
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| Palladium
Office Campus |
$5.6 million to assist with
site acquisition and development of two pre-leased office
buildings totaling 143,000 sq. ft. in Kanata, Ontario
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| Interplex
Business Park |
$1.5 million to assist with
the pre-construction costs for a 5 acre office building site
in Calgary, Alberta |
| Genesee
Vista |
$1.0 million to assist with
the development of a 35,000 sq. ft. office building in suburban
Denver, Colorado |
| Goderich
Place |
$1.0 million to assist with
the acquisition, renovation, and lease-up of a 70 unit retirement
residence in Goderich, Ontario |
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MULTI
FAMILY
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| Solara
Canmore |
$4.9 million loan as well
as a guarantee facility to assist with the development of a
215 unit luxury residential development in Canmore, Alberta.
Solara
Canmore Website |
Westgate
Gardens |
$0.8 million to assist
with the development of a 34 unit condominium townhouse
complex in Toronto, Ontario |
| Malvern Park |
$0.8 million to assist with the
acquisition and development of a 14 unit townhouse infill
project in Scarborough, Ontario |
The St. George
on
Sheldrake |
$2.0 million to assist with the acquisition
and conversion of a former church to 35 luxury condominiums
in midtown Toronto, Ontario
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| Le Corbu |
$1.4 million to assist with the acquisition
and conversion of an office building to 34 condominium apartments
in midtown Toronto, Ontario
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| Axis Condominiums |
$4.0 million to assist with the site
acquisition and pre-construction costs of a 240
unit condominium
project in downtown Toronto, Ontario |
| Varsity Towers |
$3.4 million to assist with the acquisition
and conversion of 185 rental apartments to condominiums in
Calgary, Alberta |
| Bloor West Annex |
$1.8 million to assist with the site
acquisition and development of 41 freehold townhouses in the
west-end of Toronto, Ontario
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| Portland Park Village |
$3.0 million to assist with the acquisition
and development of a 189 unit condominium project, including
apartments and townhouses in downtown Toronto, Ontario
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| Cityscape Terrace |
$2.7 million and loan guarantee to assist
with the development of a 109 unit condominium building in
downtown Toronto, Ontario
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| Tribeca Lofts |
$0.9 million to assist with the pre-construction
costs of a 166 unit condominium conversion project in midtown
Toronto, Ontario |
| 111 Avenue Road |
$2.5 million to assist with the site
acquisition and conversion of an office building to luxury
condominiums in downtown Toronto, Ontario |
| The Kings |
$4.0 million for the acquisition and
development of a 202 unit residential condominium loft and
townhouse complex in downtown Toronto, Ontario
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| Riverboat Landing |
$3.0 million to acquire land for the
development of 240 in-fill townhouses and garden villas in
the west-end of Toronto, Ontario
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| West 833 |
$1.1 million for the development of
a 52 unit live/work residential loft condominium in downtown
Toronto, Ontario
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| Merchandise Building |
$1.7 million participation in a $4.5
million mezzanine financing for the conversion of a former
warehouse to 138 residential lofts and ground-level retail
space in downtown Toronto, Ontario
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SINGLE
FAMILY SUBDIVISIONS
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