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Take Advantage of Low Rates

MACC secured funding for a $4.1M loan on June 27th at a rate of 1.88% for a 5 year term!

 

TAKE ADVANTAGE OF LOW INTEREST RATES!

Not all financial institutions offer the same interest rates or the same terms and conditions. MA Commercial (MACC) has access to over 50 lenders throughout Ontario and the rest of Canada. This means that your transaction or your client will be directed to the best lender.

MACC will review all options on the market to secure what is most beneficial for you or your client.
We can offer 5-7-10-15 and 20 year terms, as well as amortizations of 20-30-35 and 40 years. The rates are at historically low levels so call us today to secure the best rates for your transaction!

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If you just want some general information on a potential transaction please feel free to contact us! Together, we will look at scenarios to find what suits the transaction best.

MA Commercial, your commercial mortgage solution!

 

(416) 499 – 5454 ext. 259 or info@macommercial.ca

For all your Commercial Mortgage Needs

Just how safe is the ‘safe’ world of syndicated mortgages?

With its playful indoor slide and five-storey “bio-wall” of greenery, Toronto’s five-year-old Corus Quay building—the headquarters of Corus Entertainment—served as an inspirational backdrop for attendees of Fortress Real Development’s “Listen, Learn and Lunch” event three years ago. Attendees at the glitzy real estate event on the shore of Lake Ontario noshed on sliders and listened intently to speeches by several Fortress executives, including CEO Jawad Rathore and chief operating officer Vince Petrozza, as well as star local developers like Toronto “condo king” Brad Lamb. “There’s many ways to make money in real estate,” Lamb says in a heavily edited video of the event posted on Fortress’s YouTube channel, complete with jaunty music. “But one way to make money in real estate is the safe way, which is buying Fortress investments.” A few moments earlier, a Fortress exec trumpeted the value of the firm’s partnerships with Lamb and a Windsor, Ont.-area developer named Charles Mady, saying they are “some of the strongest partnerships you can imagine being part of.”

Fast forward to 2016: Fortress has taken over one of Mady’s projects in Barrie, Ont.—a building with 82 condo units and an eight-storey office tower—after both the development and developer ran into financial trouble. It’s a good thing Fortress stepped in, too, otherwise potentially hundreds of investors who funded Fortress’s contribution to Collier Centre through what’s known as a “syndicated mortgage” may have lost their shirts.

It was stark reminder that there’s no sure thing in the investing world, including Canada’s supposedly “proven” real estate market (to borrow another term from Fortress’s marketing). Yet Fortress has ridden a wave of enthusiasm for its housing and condo projects in recent years, as eager investors, many of them already homeowners, have sought to double down on their exposure to that overheated sector of the economy.

Headed by Rathore and Petrozza, Fortress Real Developments promises to scout out “high quality” projects with “top developers” across the country, including condos in relatively sleepy centres like Barrie, St. Catharines, Ont., and Regina. The firm then offers developers services that include everything from “analyzing and buying the land, to hiring the architects, to building the sales centre to retaining the planners who obtain permits and approvals from the city to improving the quality of the rental units.”

The real magic, however, happens on the back end…. To continue reading click here.