Leading Canadian Financial Institution completes $43 million refinancing of 3 four story multi-unit residential apartment buildings

On November 15, 2018, a leading Canadian bank completed the refinancing and equity take-out of 3 four story multi-unit residential apartment buildings in British Columbia. The transaction, valued at $43 million, involved the implementation of seven guarantees from a combination of REITS, LPs, Trusts and Corporations in Ontario and British Columbia.

Miller Thomson acted as British Columbia and Ontario counsel to the Bank with respect to this refinancing with a team lead by Sharon MacMillan (Real Estate) and including Andrea Girardin and Shaun Parekh (Financial Services).